Gail had rallied from 128 to 166 in April & May and then retraced 50%. It has crafted a falling wedge or pole & flag pattern and ready to give a breakout which is considered as a sign of trend reversal and beginning of bull run once again.
A buying position can be initiated with a stop loss below 146.5 and target of around 165.
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A buying position can be initiated with a stop loss below 146.5 and target of around 165.
Like & Follow for more new updates.
Trade closed: stop reached:
Gail has given a false breakout and hit our stop loss. Will re-enter in a long position when it will give another breakout.