NeeteshJain

GAIL - Correction in Channel

Short
NeeteshJain Pro+ Updated   
NSE:GAIL   GAIL INDIA LTD
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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