Stock of the day : Buy Indraprastha Gas Ltd For Target Rs. 448 - Religare Broking
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Indraprastha Gas Ltd
* IGL has been gradually inching higher after breakout from consolidation range in Aug 2022.
* It has formed a strong base around its support zone of multiple moving averages on daily charts.
* The recent price action combined with uptick in volumes indicates breakout in the near future.
* We thus suggest initiating fresh longs as per the given levels.
Technical Chart : Daily
BUY Indraprastha Gas Ltd CMP: 436.05 Range: 428-432 SL: 420 Target: 448
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