INDRAPRASTHA GAS
- IGL coming down from strong trend line resistance zone in weekly chart, this indicates as long as stock trades below 466.50 bears will be favored. Once stock closes and holds above 466.50 then further price run can be seen.
- If stock falls further from current levels then IGL will find support around 20 DMA and bottom bollinger band as shown in teachnical chart no2.
- Stock also has formed bearish candle formation this will favor bears. Close Watch.
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