GAIL (INDIA) LTD

Short

Updated

GAIL DOWNTREND

BREAK IN LONG TERM UPTRENLINE.....FORMATION OF LOWER LOW AND HIGER LOW'S....INEBILITY TO BREAK AND HOLD RESISTANCE ZONE OF 402 TO 410, THE PRICE ACTION WILL RETEST THE SUPPORT ZONES OF 367 AND 338

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MY OPINION IN GAIL IS ,ITS FORMING A BULL TRAP ON LOWER TIME FRAMES ...OPINIONS R WELCOMED

Note

price action resuming to downtrend..

Note

gail moving towards 1st target

Trade closed manually

trade closed @369...a very slow move towards target

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