Stock of the day : Buy Indraprastha Gas Ltd For Target Rs. 520 - Religare Broking
Indraprastha Gas Ltd
* IGL has been trading in a steady uptrend for the last one year, inching gradually towards its record high.
* Formed the base while holding above the support zone of short term moving average i.e. 20 EMA.
* The chart pattern combined with strong volumes suggests up trend to resume soon.
* We thus recommend creating fresh longs in the mentioned zone
Buy Indraprastha Gas Ltd CMP 493.15; Range 492-494; SL 482; Target 520
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