shiv2798

Weekly Outlook on GAIL

NSE:GAIL   GAIL INDIA LTD
I am finding it interesting , the stock is in between the bull channel , either it can go directly up ward and tag the Upper trend line which is short lived in my opinion and can result gap down in case it makes a rapid rise
there are another two views
01) One it can move slowly with congested trading and tag the Upper TL or attempt to tag then can go for correction , even in this i have marked two different ways of possibility
02) they may tag the Upper trend line and then make a consolidation and start of another impulsive move to New higher high
Lets see what happens on Monday , but for surely this stock will be traded in very congested way , not one will get proper direction on daily candle
I will update on this stock next week
Regards
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