tradingwiz

Gail Bullish or Bearish? Lets see

Long
NSE:GAIL   GAIL INDIA LTD
#GAIL
This is classic case where in 2 logic Mixes.
First Logic - RSI divergence exactly at the Trendline. Previously same thing happened in feb-march, shown by white arrows, where Price fell. Will it fall again? But the sector is bullish ...

Second Logic - Ascending broadening wedge or Ascending Megaphone in Daily.
Price closed exactly near trendline. Also there is a gap created exactly 2 years before between 4th June to 6th June 2019.which is exactly above today's high. Will the rally continue and fill the gap?
Take your Pick, what you wanna do..
long and short levels on chart.

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