Energy sector showing signs of bullishness.
Nifty Energy was up when nifty was flat today.
Can see good opportunity in GAIL because of following reasons :
Weekly chart shows uptrend in stock
Stock taking support from 20 & 50 EMA on daily timeframe
Can look for entering 50% of your position size.
Currently RSI <70
IT stocks outperforming market
MACD signal line crossing MACD from below.
Hinting that still strength is left in IT stocks.
Stocks to look out for :
Stock is in a weekly uptrend, on a daily chart it has given breakout on upper side and retested upper trendline.
Initial Suggestion few days back
Buy Price - 2350
SL - 2094
Buy Price - 2400
SL - 2165
Results have also come out strong.