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Mambotrade
Apr 17, 2022 10:11 AM

Gail to reach another ALL TIME HIGH. 

GAIL INDIA LTDNSE

Description

Gail on a weekly time frame has crossed it resistance level and has closed above it.

The stock looks bullish and can make new ATH.

Daily time frame, there is a crossover of the moving averages which give another confirmation of a bullish rally.

Support :- 165, 160
Resitance :- 170, 177

The resistance are taken from the fib levels and previous high.

Wait for the price to retest the support level and if the price respect the support level, trade can be initiated.
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