IGL - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 3.4

📊 Technical Breakdown

Current Price (₹206) is just below DMA 50 (₹210) and DMA 200 (₹209) — showing mild bearish pressure.

RSI (41.1): Trending in lower-mid zone — not oversold but lacks momentum.

MACD (–1.93): Negative territory — no active bullish crossover.

Volume slightly below weekly average — muted trader enthusiasm.

💰 Fundamental Snapshot

Valuation

Stock P/E (16.8) is lower than Industry PE (18.5) — mildly undervalued.

PEG Ratio (3.02) → expensive relative to projected growth.

Returns

ROCE (21.4%) & ROE (16.9%) — decent, but not explosive.

Debt-to-Equity (0.01) — extremely low; financial stability is excellent.

Dividend Yield (2.18%) adds some buffer — not a game changer, but decent.

📈 Ownership & Earnings Trends

FII Holding Change (+2.15%) — solid institutional interest.

DII Holding Change (–2.19%) — domestic players reducing exposure.

Quarterly PAT improved from ₹325 Cr to ₹453 Cr — consistent growth.

EPS (₹12.3) — healthy profitability.

🎯 Trade Plan

📥 Entry Strategy

Watch for price to retest ₹200–₹202 support zone. Enter only if

RSI climbs above 45

MACD flattens or turns positive

Volume improves

Lower reentry zone: ₹195–₹198 (if selling pressure persists and shows signs of reversal).

📤 Exit Strategy (If Holding)

Initial resistance near ₹215–₹218

Stretch target zone: ₹225–₹230 — achievable on rising volume and RSI > 60.

Full exit near ₹240+ only if MACD confirms strength and broader sentiment is bullish.

🧠 Final Take

IGL is a low-debt, fundamentally sound stock with improving profitability and strong FII backing. However, technical indicators are sluggish, and swing traders should wait for confirmation before jumping in. It's a “near-entry setup,” not a confirmed breakout — ideal for watchlist placement with alerts around ₹200.

Want to dig deeper into gas sector stocks with active MACD crossovers or accelerating RSI? I can surface sharper swing trade setups across the same theme.

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