IGL bounced at 220
Cleanly broke resistance at 340
Moving along the upper Bollinger currently without touching the middle Bollinger
Have had the biggest green candle daily in the last 2 years - Clear clean uptrend
Can follow up a little more till 440/450 types before retracing to 390
Will retrace to the top of the trend line (around 390), before starting the...
IGL seems to be forming a Bearish Inverse Head and Shoulders Pattern in the Daily charts with Neckline support at 295 and Shoulder resistance at 330 above which pattern is negated. Pattern Target at 240 in the short to medium term.
Indraprastha Gas Ltd. engages in the supply of compressed natural gas to transport sector, piped natural gas to domestic, industrial, and commercial sectors. The company was founded on December 23, 1998 and is headquartered in New Delhi, India.