Here 2 horizontal lines have been drawn(in red) as Targets 1st & 2nd for short term trading. For buying price a price range has been drawn as it is the best buy price for the shares. You can draw your support line according to your analysis. You can go for the shares of SAIL as it is trading on a near good price range and it will be a value added stock to your...
It is just a simple chart analysis made only on Support and Resistance zone for long. It could test the Support zones (Horizontal lines in red) and if it goes up then the 1st target would be the resistance from where the stock turned down. As it's a very simple analysis without any patterns only on S&R zones.Before entering make sure you do your own analysis.
NSE:GAIL
