GAIL INDIA LTD. (S below 102.5 SL 104.5 TGT 100.5GAIL INDIA LTD. (S below 102.5 SL 104.5 TGT 100.5
#GAIL took resistance from 106 level and has formed a descending triangle pattern in 30 mins charts.
RSI took resistance from 50-level and seems bearish.
TT2 trend is also bearish.
Wait for the prices to give a breakout.breakdown from the triangle pattern.
Once the low 102.5 is broken with Volume, look for a sell opportunity with Intraday SL of 104.5.
The next resistance on 30mins chart is 100.5.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
