GAILF trade ideas
GAIL breaking Multi year barrierGail looks extremely bullish, supported by spike in recent volume.
-Few of things working in GAIL Favor
1. Modi Ji's push for Gas connection across India
2. High dividend paying PSU stock, People may be preferring this over Adani Gas
3. Ever rising LPG Cylinder prices
Keep in radar!!
Discloser: Invested (this is only for educational purpose)
GAIL | At an Important JunctureGAIL | At an Important Juncture
Reversed from trend line resistance
Closed near 125 (Cube of 5) on 29/01/2021
Price is near support zone of upper channel around 125
14 period RSI at an important level (RSI = 60)
Supports: 123 / 119 / 116 / 111 / 106 / 101 / 98
Resistances: 127 / 133 / 139 / 144 / 149