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Rugminik

GAIL An extremely bullish Reversal, Poised to break it's ATH

Long
GAIL INDIA LTD (NSE:GAIL)  
Rugminik Updated   
NSE:GAIL   GAIL INDIA LTD
Supply and Demand Fibonacci Trend Lines GAIL trendlineanalysis Fibonacci Retracement priceactionanalysis swingtrading positionaltrading indianstocks equitytrading investing
19
5
supplyanddemand fibonacci trendline gail trendlineanalysis fibonacciretracement priceactionanalysis swingtrading positionaltrading indianstocks equitytrading investing
The stock is in continuous uptrend , with no evidence of sellers in major time frames.

The stock has reversed from 38.2% retracement in weekly.

I am looking to enter this counter at cmp with 184.20 as SL and minimum 15% ROI - 224 and then trail further.


Comment:
Exited at a 5% ROI as there is a double top breakdown in 75 minutes. Risk management is supreme! Shall consider re - entry based on price action.
Comment:
Looks ready for the next leg of upside. SL at 196.
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