Short Gail Futures - It's trading near it's resistance zone and it's showing reversal signal in ongoing signal .
It's a very good risk to reward oppertunity .
Stop can be placed at 400 and target could be 370-360
I am providing my analysis on weekly time frame . Based on pure Candle stick analysis without using any indicator .
If you can take a look at last few weekly candles price has corrected sharply .... and now it's candle size is decreasing ... it's making narrow candle every week .
And this week it looks like hammer ...
We can go long from here with pre-defined ...
History tends to repeat itself.
Sensex has broken current channel and going through a big correction .
If you have a close look at past .. you can see that correction starts from end of the august and last till starting of the new year .
please like if you are agree with it .