GAIL (India) Limited is currently showing a long-term bullish Elliott Wave structure on the daily chart. The stock appears to have completed a major corrective Wave (4) after a strong impulsive Wave (3) rally. The reaction from 0.618 region strengthens the possibility that Wave (4) may already be complete.
Targets: 259 - 293 - 337
Failure to hold above the recent Wave (4) region could delay or weaken the bullish Wave (5) scenario.
Targets: 259 - 293 - 337
Failure to hold above the recent Wave (4) region could delay or weaken the bullish Wave (5) scenario.
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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.