Technical Analysis for INDI - Indus Gas Limited

Grade Last Price % Change Price Change
F 11.85 -25.94% -4.15
INDI closed down 25.94 percent on Thursday, April 25, 2024, on 32.09 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Oversold Stochastic Weakness 0.00%

   Recent Intraday Alerts

Alert Time
10x Volume Pace about 18 hours ago
Down 10% about 19 hours ago
Reversal New Lows Entry about 20 hours ago
Fell Below Previous Day's Low about 20 hours ago
Down 5% about 20 hours ago

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Profile

Indus Gas Limited Description

Indus Gas Limited is engaged in the business of oil and gas exploration, development and production. The Company is focused on oil and gas exploration and development in Rajasthan, India in Block RJ-ON/6. The Company owns a participating interest in the Block (excluding SGL gas field). The Participative Interest of the Company is held through its subsidiaries, iServices Investment Limited and Newbury Oil Company Limited. The Block measures an area of approximately 2,176 square kilometers (post Declaration of Commerciality (DoC)) and lies onshore in the mid Indus Basin. The on-shore Block RJ-ON/6 is located in Rajasthan state in western India and covers an area of approximately 4,026 square kilometers. The Company has a product natural gas and its by product condensate. The Company supplies natural gas to a customer, GAIL (India) Limited, in India.


Classification

Sector: Basic Materials
Industry: Independent Oil & Gas
Keywords: Energy Oil Gas Oil And Gas Natural Gas Gas Exploration Oil And Gas Exploration Fuels Gas Field Cnx Nifty Bse Sensex By Product Gail

Is INDI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 317.0
52 Week Low 11.7
Average Volume 15,697
200-Day Moving Average 171.55
50-Day Moving Average 84.42
20-Day Moving Average 61.47
10-Day Moving Average 48.32
Average True Range 9.50
RSI (14) 7.41
ADX 61.53
+DI 2.47
-DI 43.78
Chandelier Exit (Long, 3 ATRs) 54.51
Chandelier Exit (Short, 3 ATRs) 40.19
Upper Bollinger Bands 99.52
Lower Bollinger Band 23.43
Percent B (%b) -0.15
BandWidth 123.79
MACD Line -15.48
MACD Signal Line -11.07
MACD Histogram -4.4043
Fundamentals Value
Market Cap 21.68 Million
Num Shares 183 Million
EPS 0.13
Price-to-Earnings (P/E) Ratio 91.15
Price-to-Sales 2.24
Price-to-Book 0.49
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.90
Resistance 3 (R3) 19.63 18.02 17.73
Resistance 2 (R2) 18.02 16.22 17.65 17.33
Resistance 1 (R1) 14.93 15.11 14.13 14.20 16.94
Pivot Point 13.32 13.32 12.91 12.95 13.32
Support 1 (S1) 10.23 11.52 9.43 9.50 6.76
Support 2 (S2) 8.62 10.41 8.25 6.37
Support 3 (S3) 5.53 8.62 5.98
Support 4 (S4) 4.80