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GAIL ready for a big move if the resistance is broken
GAIL (INDIA) LTD
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GAIL ready for a big move if the resistance is broken
Oleh sankatradesindia
Ikuti
Ikuti
19 Nov 2020
1
5
5
19 Nov 2020
GAIL had previously broken down from a head and shoulders pattern at current levels.
Going by theory, the same point will now act as a resistance. If this breaks, there could be a move towards 105 for GAIL.
One more point that nudges in the direction is the formation of the above average volumes. Also, higher highs and higher lows.
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