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..! :)
