GAIL: IMPULSE UNFOLDING

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Stock is rising in a uptrend channel forming HH HL which is the basic definition of an Uptrend. The current price action suggests that prices are unfolding into a primary wave-3.

One should buy the stock on current levels, keeping SL of 105 look for the target of 140 in the coming days and weeks ahead.
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Chart Patternsgailanalysisgailindianifty50PSUstockmaketstockmarketindiastockstobuystocktradingTechnical AnalysisTrend AnalysisWave Analysis

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
tradingsutra.com
waveutra.com

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