GAIL at Crucial Support — Breakout Loading?Price is currently trading near a strong support zone around ₹155–₹160, where buyers have reacted earlier. The overall structure is still under a descending trendline, showing that the stock has been in a medium-term downtrend.
Recently, price action looks like consolidation near support, which often comes before a directional move. If the stock holds this support and starts making higher lows, a trendline breakout can trigger a recovery move.
Key Levels:
Support: ₹155 – ₹150 zone (important demand area)
Immediate Resistance: ₹170 – ₹175
Major Resistance: ₹185 – ₹200 (trend reversal zone)
Outlook:
As long as ₹150 holds, probability favors a gradual upside toward ₹180–₹200 after a breakout confirmation. A breakdown below ₹150 may continue bearish momentum.
Disclaimer:
This analysis is for educational purposes only and not financial advice.
Long
