ParamjitMahapatro

gail looks bullish in medium term

Long
NSE:GAIL   GAIL INDIA LTD
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.
Trade closed manually:
price broke the support line, looks bearish.
Comment:
It is moving up and approaching channel resistance,
I got impatient with the short term volatility and got out of this early.
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