Gail waiting for a break out on higher time frame.

Gail on the weekly time frame has closed above both the moving averages but is near a resistance.

The stock even on the daily time frame has crossed the 200 ema and closed above it.

The stock has also given a break out of the consolidation box.

3 point confirmation.

1. High volume box break out.
2. Closed above 20 and 200 ema on weekly time frame.
3. Closed above 200 ema on daily time frame.

The stock has closed near a resistance level and if the levels is crossed the stock can reach 3-digit levels soon.

Let the stock to close above 93.5 level and create intraday and swing positions only when the level is tested.

Target :- 98.5, 101.90
Stop loss :- close below 200 ema (daily time frame).

Wait for the price action near the levels before entering the trade.


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