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BharatJhunjhunwala

Any failure to move above 85 will induce more correction

Short
GAIL INDIA LTD (NSE:GAIL)  
BharatJhunjhunwala  
NSE:GAIL   GAIL INDIA LTD
Trend Analysis Technical Indicators Chart Patterns gailindia nifty50 bharatjhunjhunwala prorsi techincalanalysis options-strategy
3
0
trendanalysis indicator chartpattern gailindia nifty50 bharatjhunjhunwala prorsi techincalanalysis options-strategy
The stock is into dominant trend down and this pullback seems to be corrective. Now the stock has faced resistance and the momentum indicator is also taking a halt at the bearish extreme. Any failure to move above 85 will induce more correction and the stock may further correct to 65 & 44 levels. However a move above 85 may push the stock further towards 103 & 125 levels.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
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