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December 26 2012 4 26 /12 /December /2012 11:20

Today (26 December 2012) Technical Analysis has figured out one of the stocks from oil drilling and exploration sector named IGL (Indraprastha Gas Limited)

 

Indraprastha Gas Limited (IGL) is one of India's leading natural gas distribution companies.

 

IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in the NCR(National Capital Region). The company started as a joint venture between GAIL and Bharat Petroleum.

 

GSL is listed in stock exchange as “A” Group.

 

See the below chart lower supporting trend line is 250 and upper supporting is 280.

 

For IGL you can buy Between 250 – 253 with strict stop loss at 245. Target will be 280 for short term.

 

igl.jpg

 

Disclosure: It is to safe to assume that we may or may not have personal interest in views expressed above, we may hold these stocks in personal portfolio, traders should take own risk while trading in stock markets.

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