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Reversal : can it generate returns?

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NSE:IGL   INDRAPRASTHA GAS
Its in bottom end of the parallel channel and stocks tend to reverse from here gives max returns.

It looks good and also waiting for a breakout above the counter trendline.


In BJP manifesto 2024 its mentioned that gas pipelines to installed in major cites by 2026 and further more in future so according to this prospect IGL can be one of the major beneficiary therefore has a major growth potential.

Just to keep track of the story and analyze the tread.
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