This stock is worth buying. It's at a good support and forming an IHNS pattern. Stock may give good results once the pattern is formed and 540 is broken on upside
IGPL;
Huge returns, strong@fundamentals,
good looking chart pattern, Understandable.
As per now it clearly in bull run
If it cross above @640-645 the next resistance is
@688-695;
Short , long termit a good buy above @645
Plan according to the chart resistance & support.
I G Petrochemicals Limited is engaged in the manufacture of Phthalic Anhydride (PAN). The Company is engaged in the manufacture and sale of organic chemicals. PAN is used in industries, such as flexible poly vinyl chloride (PVC), plastics, paints, construction, transportation and marine. PAN is used in the production of plasticizers, polyester resins and other uses in the production of alkyd resins. It is primarily used in the manufacture of a range of consumer care, personal care and home care products, such as shoes, wires and cables, pipes and hoses, boxes, containers, packaging films, medical and surgical equipment, among others. The unsaturated polyester resins are used as thermostat for manufacture of fiberglass reinforced plastics for automobile, construction, marine and transportation industries. The Company's PAN manufacturing units are located at Tajola in Raigad district of Maharashtra, India. The Company has production capacity of over 169,250 metric tons per annum (MTPA).
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IGPL
