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raunaq
Aug 20, 2017 3:15 PM

Gail - Reversed a downtrend! Long

GAIL INDIA LTDNSE

Description

Gail has reversed a declining trendline and also successfully retested an uptrend support line.
The bollinger band is confirming the signs of low volatility at the moment and has formed a squeeze formation. Wait for a breakout up/down.
Positive divergence is noticed in RSI.
Target - 415-440
Stoploss - 355
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