GAIL (INDIA) LTD
Long
Updated

gail looks bullish in medium term

gail is moving in an uptrend channel in weekly, and now at channel support, also hidden bullish divergence is seen.

so sl - below the channel support - 342, and 1st tgt - previous swing high - around 425
Trade active
till now 386.15
Trade active
price is getting squeezed between 2 trend lines, watch for a breakout.
snapshot
Trade closed manually
price broke the support line, looks bearish. snapshot
Note
It is moving up and approaching channel resistance, in.tradingview.com/x/92tIY3GE/.

I got impatient with the short term volatility and got out of this early.

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