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r_a_e_e_s
Feb 9, 2022 5:39 PM

Indraprastha Gas | Demand-Supply Cycle Long

INDRAPRASTHA GASNSE

Description

Hola ,

IGL is travelling in very consistent supply-demand cycle is a long run since last 4-5 years now it is very close to it's expected demand zone .
So You already know what needs to be done from here.

Best Regards.
Vishal Malviya
Comments
harsh02shah
+ RSI Divergence at Daily
r_a_e_e_s
@harsh02shah, Correct.
maityimankalyan
IGL is fundamentally ok, already bought a little bit at 470, should I consider buying more now at 390?
r_a_e_e_s
@maityimankalyan, Do not average when price is against your position whereas you can take a EV stock here because IGL will go down aggressively only when EV will dominate over CNG conversion , which is practically not possible at least in next 2-3 years , So this is a win-win hedge for protect IGL long position.
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