Gail 162 - Has achieved target 162 as posted at 152 on 30/05.
As we find a BAT pattern and negative divergence in indicator we expect it WILL BE bearish below 164.
VIEW WILL GET NEGATE IF 164 BROKEN OUT
GAIL long above 165 good for 181.
There is a gap that will fill up so we can expect a target of 181, the next target should be around 190 and then 197.
Please share your views on my analysis.
This is only for educational purposes.
Gail was in a good uptrend on long term.
from 165 it started to correct in a falling wedge pattern took support at 145 (50% of last up swing) and broke out the wedge pattern
it broke out from the wedge and made a high of 155 and again made a small correction till 150(round number+50% of last upswing)
it is making a bullish harami pattern(15min) with huge volume at...
GAIL has given a breakout above 157 with good volume in today's trading session is a good long for targets of 165-167 in the next session and 175-177 in few trading sessions hold it with a stoploss of 155.
