nitinshm

GAIL, Long above 106 for target of up to 145-150

Long
NSE:GAIL   GAIL INDIA LTD
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GAIL has broken long term trend line and is making Higher Lows.
Above 106 it is looking good for initial target of 130 (followed by 145/150)

Target 1: 132 (0.5 Fib level of complete downmove)
Target 2: 148 (0.618 Fib level of complete downmove)

Stoploss: 90-92
Trade active: Entered at 107.4 on 1st Dec
Trade closed: target reached: Target achieved. Buyback at 150 announced. Use the spike to exit.