It is probably a good time to bail out of this gas utilities.

$IGL (India), IGAS.NS.

1) The industry rapidly weakened today with massive deceleration.

2) Overvalued.

3) The weekly Backdrop turned neutral with Bearish Stretch Release.

4) Heavy Bearish Pressure in the weekly.

5) Daily broke below Memory support with bearish Flow candle color, and it is also creating a reverse head and shoulder pattern at the very top.

6) Daily has extreme Bearish Pressure.

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