Fake Breakdown and Now Pullback

Sep 25

GAIL Gave a Fake Breakdown from the Parallel Channel and Took Support on 100 EMA and again faked the 100 EMA Breakdown closing below it but in the past three days it has shown reversal trying to respect the 100 EMA and getting back into the rising Channel a close above 243 will give more strength to it when it reaches the midpoint of the channel.

Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

Oct 3

Note

Touched 243