GAL (GYSCOAL ALLOYS LTD) - Long
Price will move up till he trendline on RSI. If the price breaks that trendline then price
will move much higher and you need to exit if it retraces from the RSI.
RSI broke the trendline on 24th November 2016 and price moved considerably.
Trend is your friend. Price is above 200 and 50 SMA, suggesting an uptrend.
Gyscoal Alloys Ltd. manufactures, exports and supplies stainless steel long products. The company's products include stainless steel angle bars, bright round bars, flat bars, flats, ingots, billets and mild steel angle bars. It trades in mild steel products namely CTD Bars and TMT Bars. Gyscoal Alloys was founded on September 29, 1999 and is headquartered in Ahmedabad, India.
BSE
