Indraprastha Gas is rising as predicted, and trying to go back to its line of support which was breached in September.   The other indicators predict a move soon, and this could be upwards.  I will continue remaining in a long position but will not add any new position yet.

Today was almost a gap-up with good volume support.  A belt hold reversal has also happened in this week. Good signs, all.

Chart Sources: www.moneycontrol.com, in.reuters.com

Indraprastha Gas Rises after Morning Star

Indraprastha Gas stock on NSE has risen after the morning star formation in early October 2010 as predicted.

Even though the market shows a minor correction on End of Week 15-Oct, and might fall further for a short while, I believe the market will rise again and I'll remain in a long position, and that the market will try and regain its closeness to the original line of support. 

Chart Source: www.moneycontrol.com

Indraprastha Gas breaches 3-month support line

Market has broken its 3 month trendline in September , is now sideways.

Morning star pattern has formed recently, and stochastics are also medium.  The stock could rise again and continue upward movement.