Hoag
Long

GAIL is breaking correction and can target above 500

BSE:GAIL   GAIL (INDIA) LTD
Talking Point:

Technical Strategy: Confirming it's bullish outlook
Elliottwave View: Reversal confirmed and counting impulsive waves

Analysis
We were tracking GAIL             from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However in shorter time frame, we are waiting to see triangle breakout which can atleast target above 460.

Action
We are long on this script from 425 with stoploss @ 410. Target will be 460-500.

-- By Hoagtrading.com (Twitter: @hoagtrading)
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