Double bottom Formation!!A double bottom has formed and moved up on weekly chart!!
out of 16500kms network of gas transmission 11500kms belongs to gail.
A good news is also on the way where govt is trying provide subsidiry on these line which will hlep the books get better and therefore this stock can perform in comming days.
if you are holding don't sell this,It is a buy on dips stock now(the reason for low SL).
on the whole the oil & gas sector is performing good and govt of india is taking a effort to push this sector, therefore i am bullish!
In coming time this can see 200 levels!!
