Investors have paid higher prices over time to buy Indraprastha Gas Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise.
The stock has broken a support level in the short term and given a negative signal for the short term trading range. The stock is approaching support at 400 rupee, which may give a positive reaction.
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However, a break downwards through 400 rupee will be a negative signal. The RSI curve shows a rising trend, which supports the positive trend. The stock is overall assessed as technically positive for the medium long term.
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