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.
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.

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