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buyem_nl
Sep 11, 2017 4:02 AM

GAIL: trading-buy Long

GAIL INDIA LTDNSE

Description

The daily chart offers somewhat more upside potential if buyers manage to clear 390.50. A rally up to 410.25 and the main weekly projection around 448 is feasible. With stops below 375 risk/reward is certainly good enough for some trading long-entries. Do keep in mind that the weekly uptrend is quite mature so risks for the longer term are elevated.

Comment

Trailing stop raised to entry level ~392

Trade closed: target reached

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