Ankushkokane

Range breakout in GAIL.

Long
NSE:GAIL   GAIL INDIA LTD
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.
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.

Comments

Based on the quarterly results. Wats your view will it go towards 180 levels or wil it come down.
Reply
@srioct21, i can only share my view on technical chart basis, I tried to learn fundamental analysis but it never goes same with every stock so i will not suggest trade according to company's/share's fundamentals.
Hope you got my point. Technical chart has always helped (only in some cases) in trade.
I'll suggest you to go with the technical chart, with given strict stop-loss.
+1 Reply
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