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Futures

GAIL ON THE VERGE OF BREAKING NECKLINE???AS DISCUSSED EARLIER THAT GAIL CAN BE A POTENTIAL HEAD AND SHOULDERS ON THE DAILY CHART WE HAVE TO WAIT FOR THE BREAK BELOW THE TRENDLINE I WENT SHORT AND ALSO RECOMMENDED @355-60 LEVELS WITH FUTURES TRADE SO WE CAN HOLD ON THE STOCK FOR DOWNFALL WITH STOP @350 IF BREAKS MY FIRST TARGET WILL BE 315 AND THEN WAIT FOR A PULLBACK BEFORE GOING SHORT AGAIN CAUTION DO NOT ENTER FRESH TRADES HERE IT WILL BE AGAINST THE TRADING RULES OF H&S IF PATTERN FAILS WILL LOOK LIKE A DESCENDING TRIANGLE AND USUALLY DESCENDING TRIANGLE WITH UPSIDE BREAKOUT WILL ALWAYS PERFORM BETTER ON THE UPSIDE. HERE ARE THE PREVIOUS OBSERVATION
NSE:GAIL
by manavtechresearch
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