The whole gas distribution companies are starting a bull run. So either MGL or IGL, hope everybody can make a lot of money with them
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Comment
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This particular analysis of a request from one of the viewers of my publishes. So thank you @shraghu2010 for interacting with me and the question you asked is answered here
Thank you for giving your view about MGL, don't you think profit booking pulled both IGL and MGL down by almost 2%,what's the next level we should watch in MGL and IGL?
FAHEEMSAM
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@shraghu2010, sorry could answer sooner. Actually these gas companies are yet to reach its peek is what i think. The sectoral rotation is coming and the stocks that underperformed are going to be the next runners. I strongly believe these will be top performers in the next rally