GAIL - Correction in Channel
It is been observed on daily chart that the price action is trending up in a channel and now it is breaking out from the previous support levels of 418 and dipping down towards the next strong support levels of 408-405. The sellers are in dominance over price action and it shall now dip and correct further down.
Trade closed: target reached
Target of 408 achieved successfully. Regards
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.