Long On ATGL Looks like a good breakout given
Can move till 1200-1300 in shottterm long term may reach back to 4000
Trading in range since long
So Very Bullish
ATGL trade ideas
ADANI NOW or LATER For InvestmentIf you haven't checked my ADANIENSOL analysis kindly check it 1st.
If you look at ADANI stocks clearly we can see a massive view as investment.
Now question is for how long ?
From this position you can plan a hold for 2-3 years and it may give you more than something.
Don't let you influenced by short term market scenarios.
Investment for long term MAY give you GOOD return. BUT
Investment for long term from a good location MAY give you MASSIVE return.
Bullish Flag BreakoutBreakout of the bullish flag pattern.If closes above 984 on the weekly chart then short term target will be 1080 and 1180.keep in radar
Atgl will cross 1800 soon consolidation started in December end, now it is going to jump higher we might see ATGL will hit higher circuit in coming week.
This is not an investment advice. I am just sharing my view.
Adani Total Gas According to price action, ATGL going to achieve new target very soon. Just hold for few days, especially wait for new supreme court hearing. If u wanna achieve big returns then wait for 2024 elections
ADANI TOTAL GAS IN FIFTH WAVE ADANI TOTAL GAS IN 5th wave on Daily chart .
after making contracting triangle in wave 4 now its moving for wave 5th
#ATGL 1075 Tgt 3500 #ADANIENT #ADANIPORTS #ADANIENSOL #AWL #NSE#ATGL 1075 Tgt 3500
NSE:ATGL
CMP 1075
TGT 3500
SL 795
TF < 9M
Great risk return trade off!
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
ATGLSymmetrical triangle breakout on chart
Price above Moving averages
MACD & RSI BULLISH
Good risk reward for long position
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
Adani Total Gas LtdTARGET - Technical Play - Target in chart
SL - 882
VALUATIONS ARE EXPENSIVE - PURELY TECHNICAL
Market Cap
₹ 1,19,560 Cr.
Current Price
₹ 1,087
High / Low
₹ 1,260 / 522
Stock P/E
200
Book Value
₹ 29.4
Dividend Yield
0.02 %
ROCE
20.7 %
ROE
20.4 %
Face Value
₹ 1.00
Price to book value
37.0
Intrinsic Value
₹ 143
PEG Ratio
7.13
Price to Sales
27.0
Debt
₹ 1,356 Cr.
Debt to equity
0.42
Int Coverage
8.01
Reserves
₹ 3,126 Cr.
Promoter holding
74.8 %
Pledged percentage
0.00 %
EPS last year
₹ 4.97
Net CF
₹ -19.1 Cr.
Price to Cash Flow
140
Free Cash Flow
₹ -323 Cr.
OPM last year
19.9 %
Return on assets
10.9 %
Industry PE
14.1
Sales growth
3.44 %
long seems like stock is about to break its trande line. one can keep it in there watch list. company earning is good and rating too. its not any buy/sell recommendations.
ATGL Very Good setup seen in chart.
Consolidation done .
Good for Short term and Long term.
Target 1500, 2900.
Do Follow , Like ,Comment for regular updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
ADANI TOTAL GAS LIMITEDNSE:ATGL (1D)
CMP : 1029.40
This view is only for short term based on Technical Analysis. Long Term Investors can study company by themselves and Specially consider PE Ratio as it is very High compared to Industry Benchmark.
• Stock has formed Symmetrical Triangle on Daily Chart.
• Stock price is contracted and moving in a narrow Range.
• Stock price is above all KMA.
• Short term Moving Averages lines are rising
Sector : Gas Transmission
Industry : Gas Transmission/ Marketing
Market Cap : 1,13,208.95 Cr.
Category : Large Cap
PE : 189.49
Industry PE : 33.78
PEG : 6.88
About Company
Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency. The company is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users in various geographical areas.
Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency.
The company has already set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to consortium of Adani Gas Ltd and Indian Oil Corporation Ltd.
Business area of the company
The company is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users in various geographical areas.
Flag breakoutFlag formation formed at support ( marked in green ) and about to breakout. Targets are as Fibonacci levels as shown in chart.
#ATGL Attempting a breakout on Daily timeframe#ATGL
Attempting a breakout on Daily timeframe. If it does breakout, we can see another good rally in stock!
Also, if we use Fib tool, we can clearly see that the stock has been consolidating above 0.382% level and has been forming a nice base there since many days now.
Breakout looks imminent imo.
Adani Total Gas Ltd.A further up move is expected in ATGL and we can see the targets of 1870 in next month which around 80% return as of today's LTP. It's perfect setup having a Risk to Reward of around 1:10.
And also taking support from its 200 exponential moving average.
But please consider the risk first before buying the stock.
ADANI Total Gas Ltd looks ultra bullish!ATGL looks ultra bullish and can be a multi-bagger in the long-run.
After a pro-longed downfall, stock has shown some strength in past few days based on technicals + fundamental indicators.
In the chart as well, from technical point of view, there are too many inefficiencies left behind while stock was taking a hit and price was falling. In my opinion, all those inefficiencies should be filled in long-run.
ATGL entry for long trade in atgl is open. its a combination of dubble bottom and channel. where we can see a breakout from the channel. and it has took the support from previous low. i have entered at 546 lets see what happen tomorrow. possibly it will touch 572 in next 3 to 4 trading days.
ADANI TOTAL GAS Positional Buy IdeaAs per my analysis NSE:ATGL is now going ready to make some pullback. Best level to take positional buy entry would be 610 with stop loss of 587 (-23 points risk). I am expecting upside targets of 633 (+23), 657(+47), 691(+81). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
DECENDING TRIANGLEATGL on weekly chart breaks the support by making a DECENDING TRIANGLE PATTERN.Keep your eyes for a low target of 490 and 350.
ATGLATGL mean reversion strategy
The candle on may 31 had huge volume, but price didn't break the previous low. This shows seller exhaustion. Also the delivery taken on that day was worth approx. 22 lakh or 66 % of traded value.
The price is at 20 day mean reversion standard deviation zone
Bought first tranche at 672 , bought in big quantity bcoz exception a big move to the upside as accumulation is almost down. sl is only 5% . Good RR.
Accumulate adani Total GasI have illustrated 3 scenarios where buying can be initiated. You can start now or you can wait for it reach/cross certain levels for confirmation....I am personally invested in this stock and will continue to add as it goes lower......Only invest 5-10% of your capital in any one stock....all the best
ATGLAfter A big correction in stock completely in sideways trend
As of now don't buy sell at this time.
Once stock break the resistance buy entry may be possible for big reward.
If the price near the support you can buy for 10%
Because price is bounce back to support and fall at resistant point
Disclaimer:- this is my personal view for education purpose only.
No Buy sell recommendations give by me.
