praveen.bhatiya

GAIL Short double Top/Regression Channel Breakout

Short
praveen.bhatiya Updated   
NSE:GAIL   GAIL INDIA LTD
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
Trade active: Shorted the Future yesterday @ 380.

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