It is just a simple chart analysis made only on Support and Resistance zone for long. It could test the Support zones (Horizontal lines in red) and if it goes up then the 1st target would be the resistance from where the stock turned down. As it's a very simple analysis without any patterns only on S&R zones.Before entering make sure you do your own analysis. GAIL
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.