GAIL INDIA LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : GAIL INDIA LTD.

CMP : 110.25 (06/07/2023)

ABOUT : GAIL (India) Ltd., formerly known as Gas Authority of India Limited, is a state-owned natural gas processing and distribution company in India. It is the largest natural gas company in the country with a significant presence in the entire gas value chain, including exploration, production, transmission, distribution, and marketing of natural gas and its by-products.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON IMAGE FOR CANDEL STICK CHART VIEW)

OBSERVATION :

The stock has been consolidating in a form of SYMMETRICAL TRIANGLE PATTERN on a weekly time frame. once the stock gets break out of its such pattern we can expect the stock to show upside rally towards 15-20% coming days. Above 113 can see stock to show good momentum for upside.

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How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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