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INDRAPRASTHA GAS LTD.INDRAPRASTHA GAS LTD.INDRAPRASTHA GAS LTD.

INDRAPRASTHA GAS LTD.

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IGL trade ideas

igl inverse head and shoulderigl forming Inverse H&S pattern on daily chart after long consolidation, which in short to medium term can outperform from here on. RSI above 70 which is perfect sign with rising volumes. as studied rsi above 60 always lead to a big movement in stock which we can see here, and i really thing the people saying rsi oversold short above it , yes the market cool from here but in bull market stock doesnt fall. they dip and rise. so watchout for it. it may move 20-30% from here as per IHnS pattern. Dis- its for an educational purpose not a recommendation.
NSE:IGLLong
by Jrkautilya9
IGL Long. Target 490-494.Fundamentally, this scrip is very strong and very good long term investment. Macro scenarios are in favour as energy will be in high demand in future. The October gas price review came as positive for city distribution companies, market was expecting 100% hike in LNG, but got 40%, which is good for IGL, MGL, GUJGAS. Technically, on daily chart it made Tombstone Pattern, highly volatile signal. Expect fast movement next week. On a weekly chart it has made flag pattern and RSI has also cooled down. Expect a very big move next week on the upside. It wouldn't be a surprise if scrip achieves 25% up move in a week. Disclaimer: This is for knowledge sharing. Consult your financial advisor before investing. Note: RBI governor commentary is highly positive for Indian market, and in global turmoil, ENERGY and UTILITIES going to shine. This is one of the favourite pick for high returns.
NSE:IGLLong
by UnknownUnicorn25812798
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