GAIL forms strong bullish candle on daily charts - IDBI Capital

Yesterday, GAIL has formed a Strong Bullish Candle on the daily charts. The stock had witnessed a Triangle Pattern breakout with strong volumes and the set up is poised for an upside rally for the coming sessions.

On the oscillator's front; RSI & MACD have indicated a positive crossover on the daily charts.

Therefore, traders can buy the stock at cmp and on dips to 351 for a target of 373 with a strict stop loss placed below 345. Trading horizon would be 4-5 weeks.

Source : Equity Bulls

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