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GAIL (INDIA) LTD
Long

GAIL An extremely bullish Reversal, Poised to break it's ATH

By Rugminik
Updated
The stock is in continuous uptrend , with no evidence of sellers in major time frames.

The stock has reversed from 38.2% retracement in weekly.

I am looking to enter this counter at cmp with 184.20 as SL and minimum 15% ROI - 224 and then trail further.


Comment
Exited at a 5% ROI as there is a double top breakdown in 75 minutes. Risk management is supreme! Shall consider re - entry based on price action.
Comment
Looks ready for the next leg of upside. SL at 196.
Comment
Re entered again at 208. Holding for short term.
Comment
Up by 12%, expecting a pump in the overall OIL & GAS sector PSE, hence looking for 260 in the near term.
equitytradingFibonacciFibonacci RetracementGAILindianstocksinvestingpositionaltradingpriceactionanalysisSupply and DemandswingtradingTrend Linestrendlineanalysis

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