GAIL: trading-buy
The daily chart offers somewhat more upside potential if buyers manage to clear 390.50. A rally up to 410.25 and the main weekly projection around 448 is feasible. With stops below 375 risk/reward is certainly good enough for some trading long-entries. Do keep in mind that the weekly uptrend is quite mature so risks for the longer term are elevated.
Note
Trailing stop raised to entry level ~392Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.