GAIL Positive Breakout
Updated
It is been observed that the price action breaks out from a channel on hourly chart indication buyers pressure. It is another consecutive positive breakouts after previous desending triangle breakout Now, the price action is bullish and it shall further move to 430 levels.
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Price action retraces back to the breakout levels, now it shall again move higher to 427 levels. Good time to enter. 
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