A trade setup for shorting with retracements to T1 @86.05, <a href="mailto:T2@85.45">T2@85.45</a> and <a href="mailto:T3@83.75">T3@83.75</a> exists as per the chart.
Breach above SL at 89 confirms buy with target of 98.75.
Two CnH patterns are spotted in GAIL .
The first CnH with double top at 538 levels shall move GAIL to 640 levels if the CnH holds true.
Failure to break 538 levels can drag GAIL to 490 levels to the CnH pattern in the making. In case of second CnH, GAIL shall retrace to 490 levels and then move to 800 levels in such a scenario.
JK Tyre shall move to 124.50 in the next trading sessions and a strong close above 125.60 can aim for target of 131.70. Supported by volumes it shall even test 160 levels in the near term with a SL at 113.