Technical view of very good fundamental stock "GAIL"

7. Aug. 2021

The company recently release their quaterly results. The results are very good. At the same time stock was in down trend but from few recent days stock gave a trendline breakout and also retested the trend line and now moving in upward direction. before some days it was near 200 exponential moving average and from that day it is moving upward. On 6th of august it has also taken a very strong support from 100 exponential moving average. In the given chart you can see some green lines, red lines & one blue line. The red lines are resistance points(strong resistance line are in thick in chart).The green lines are the support lines. The blue line is stoploss for you guys and I have shown my original position in the stock