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Igllong

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
2
IGLIGL looks like it has possibly started its next leg to up move, as per wave count, minor degree wave 3 should unfold, at 624 to 666. On the way down 558 would be a crucial support now. Impulse Started Key Levels are Mentioned on chart Macd in daily positive crossover and Uptick and also above zero line Macd in hourly positive crossover and Uptick and also above zero line Rsi in daily above 60 uptick Rsi in hourly above 60 and uptick Ungali setup Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:IGLLong
by RK_Chaarts
2