Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023
As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up:
1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up
2) Falling Wedge Breakout (see Wedge Blue lines)........ this is...
Just plotting the DJ:DJI , VANTAGE:FTSE100 and CBOE:EFS vis-a-vis our NSE:NIFTY .
Since 5th of July, we are a clear outperformer compared to the other foreign markets. However, keep in mind, Month-Till-Date in July FII are net seller yet (last week they are +ve in Cash, but overall still negative in July so far).
