indraprasth gas breakout 270
IGL breakout 270..
keep eyes on indraprasth gas ltd. (IGL). It has come near its breakout level where it may find some resistance due to 200 dma.
stock is trading in an ascending triangle & since 1st of june, it
could not close above this level. If it breaks this level & sustains
above 270 for some days then this is good investment opportunity for
everyone. stock has well supported at 100 dma as shown in fig.
sustaining above 270, my target is 310 in around 2 months. after
breaking 270, buy again if u get the level of 260 & follow strict
Stoploss of 252.
CMP 265.85