GAIL (Gas Authority India Ltd) --> Long GAIL is an uptrend currently near bottom of Elliot wave. Technically looks strong for an upward move upto 175
Strong Support around 145 would also let some time to kool off RSI OverBought for Jump seen during Results.
Fundamentally, GAIL has 85% of its revenue for Natural Gas Trading and Transmission/Distribution.
With Natural Gas making higher highs of above 4$, GAIL could see good profits for July and August.
Be wary of Natty reversing back around September / Ending Summer in US Zone.
Always Risk within YOUR apetite only!
