Range breakout in weekly timeframe can be seen in GAIL, can be bought at CMP for the above given targets in chart in coming weeks/days OR if you get in 162-165 zone can be a good pick, green dots shows, previously the line has acted as a support line, dot shows that the line has acted as a resistance line. 182 and 194 are the two ultimate targets. Go with a strict stop-loss of level 150 (only on closing below basis)
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS.
Trade active:
As stated that 162-165 can be good zone, In todays fall, we have got entry at 162.25, hold for the given target with the strict stop-loss of 150 (only on closing below basis) as stated earlier.
Trade closed: stop reached:
would suggest to exit this trade if you took this trade as per my saying, it didnt reacted to the levels as we expected.