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dharmesh79576
Nov 14, 2020 11:03 AM

Symmetrical Triangle on GAIL Long

GAIL INDIA LTDNSE

Description

The stock has consolidated after a steep rally and upon breaking the resistance line of the triangle, the stock could break above the DMA. Initial targets would be 99 and beyond that, the stock could move to 103 levels.
Comments
rookie_learner
Sir what about 50day moving average on weekly chart at 99 lvl?
dharmesh79576
@rookie_learner, In a strong uptrend all moving averages get taken out.
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