Big accumulations in the last few trading sessions . RSI is bullish First Target 52 Second Target 62 Third Target beyond 80
Looking at the historic patterns , GAIL seems to be forming Double Bottom and always takes support ay 72-82 levels and bounces back till 145 levels . Look for Accumulating around 74-84 levels for medium term target of 120-125 and long term targets of 145-160 .
Possibility of M pattern formation . short below 341 for first target of 299
THE FLAG PATTERN SUGGEST AN UPWARD BREAKOUT . IF IT CROSSED RESISTENCE 875 .... WE CAN SEE VERY GOOD TARGETS UPTILL 1100
IF PFC BREAKS THE FLAG PATTERN ON THE UPSIDE , WE CAN SEE A 6-10% UPSIDE IN A FEW DAYS .
LOOKING GOOD FOR A LONG POSITION IN THE COMING FEW DAYS .