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GAIL ON THE VERGE OF BREAKING NECKLINE???

NSE:GAIL   GAIL INDIA LTD
AS DISCUSSED EARLIER THAT GAIL CAN BE A POTENTIAL HEAD AND SHOULDERS ON THE DAILY CHART
WE HAVE TO WAIT FOR THE BREAK BELOW THE TRENDLINE
I WENT SHORT AND ALSO RECOMMENDED @355-60 LEVELS
WITH FUTURES TRADE
SO WE CAN HOLD ON THE STOCK FOR DOWNFALL WITH STOP
@350
IF BREAKS MY FIRST TARGET WILL BE 315 AND THEN WAIT FOR
A PULLBACK BEFORE GOING SHORT AGAIN
CAUTION DO NOT ENTER FRESH TRADES HERE
IT WILL BE AGAINST THE TRADING RULES OF H&S
IF PATTERN FAILS WILL LOOK LIKE A DESCENDING TRIANGLE AND USUALLY DESCENDING
TRIANGLE WITH UPSIDE BREAKOUT WILL ALWAYS PERFORM BETTER ON THE UPSIDE.


HERE ARE THE PREVIOUS OBSERVATION


Buddy, H&S never forms in a downtrend, check the trend of the stock, Stock already in top reversal because of double top pattern, it will achieve your target with descending Triangle, which is a continuation pattern of the downtrend.
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