Adithiyaa

Reversal : can it generate returns?

Long
NSE:IGL   INDRAPRASTHA GAS
Its in bottom end of the parallel channel and stocks tend to reverse from here gives max returns.

It looks good and also waiting for a breakout above the counter trendline.


In BJP manifesto 2024 its mentioned that gas pipelines to installed in major cites by 2026 and further more in future so according to this prospect IGL can be one of the major beneficiary therefore has a major growth potential.

Just to keep track of the story and analyze the tread.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.