GAIL was right at the edge of a clean breakout above ₹187.50.
Chart structure tight tha — higher lows, shrinking volatility, and buyers consistently defending dips. Everything suggested an upside move was coming.
But one news headline changed the entire narrative.
PNGRB approved a much lower pipeline tariff than expected, and pushed the full tariff review to 2028.
Market sentiment instantly flipped — heavy selling, strong volume, and the breakout setup got completely invalidated in a single session.
This is a perfect example of Chart vs. News, where news wins instantly.
Yesterday: Breakout loading
Today: News-based breakdown
Key support: ₹170–172 zone
Price action ab completely sentiment-driven ho chuka hai.
What’s your plan? Watching for dip accumulation or waiting for reversal signals?
Chart structure tight tha — higher lows, shrinking volatility, and buyers consistently defending dips. Everything suggested an upside move was coming.
But one news headline changed the entire narrative.
PNGRB approved a much lower pipeline tariff than expected, and pushed the full tariff review to 2028.
Market sentiment instantly flipped — heavy selling, strong volume, and the breakout setup got completely invalidated in a single session.
This is a perfect example of Chart vs. News, where news wins instantly.
Yesterday: Breakout loading
Today: News-based breakdown
Key support: ₹170–172 zone
Price action ab completely sentiment-driven ho chuka hai.
What’s your plan? Watching for dip accumulation or waiting for reversal signals?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.