GAIL (India) Ltd is India`s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
Though the International Natural Gas Prices acts as the LEAD INDICATOR for GAIL Share Prices.
Don't take my word for it, go and check...
GAIL has formed a W pattern on Daily TF.
82.5 was monthly support that got broken, and is now acting as resistance. same has been tested more than 4 times on 75m TF.
if 82.5 is broken by a clear Covering Candle on 60m / 75 m TF - Can go long positionaly with 82.0 as SL.
Already touched Demand Zone.
Buy in progress.
Buy on dips.
Higher Highs and Higher lows .
Seems like range breakout to happen in comming few days along with Volume. Expecting a outstanding result.
My personal view.