Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
GAIL is a range with 200 dma on the downside and a resistance on the up..tested 343 346 zone twice and has bounced of it
the 20 dma is about to cross the 200 dma which will push it up for the breakout..
buy on dips if you get any and stoploss below the 200 dma
Weakness due to rejection from supply zones+ bearish market outlook+ will take support at key FIB. retracements
Levels mentioned on the chart
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