This has run up in last 1 week very quickly.
Yet this is just a starting.
Keep tracking, any retrace around 400 can give a better entry point.
Fundamental Trigger:
- Gas price has increase substantially, Govt is diverting Industrial Gas to IGL & MGL to cool off the price of LPG.
- Hence, Their input cost will collapse dramatically & Margin can revert back sharply.
- Next 2 quarter will be epic for both IGL & MGL
Technical :
- Risk rewards is great for MGL then IGL, Gujarat gas is a laggard.
- Price may correct for 1-2 week maybe. But the long term trend is positive.
Disc. : Invested in both IGL & MGL.
P.S. : like & let me know if these inputs help you. Little appreciation would be great..! :)
Yet this is just a starting.
Keep tracking, any retrace around 400 can give a better entry point.
Fundamental Trigger:
- Gas price has increase substantially, Govt is diverting Industrial Gas to IGL & MGL to cool off the price of LPG.
- Hence, Their input cost will collapse dramatically & Margin can revert back sharply.
- Next 2 quarter will be epic for both IGL & MGL
Technical :
- Risk rewards is great for MGL then IGL, Gujarat gas is a laggard.
- Price may correct for 1-2 week maybe. But the long term trend is positive.
Disc. : Invested in both IGL & MGL.
P.S. : like & let me know if these inputs help you. Little appreciation would be great..! :)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.