From the hourly chart of Gail India, we can see on the RSI indicator that it is showing negative divergence. I have drawn trend lines on the price chart so take your buying/shorting decision accordingly.
Buy above above trend line confirmation (Let RSI trend peak line be broken)
Short below below trend line confirmation
Buy above above trend line confirmation (Let RSI trend peak line be broken)
Short below below trend line confirmation
Note
After confirmation of the trend, GAIL gives us 6 points of profit and that is 6%!I hope you watched it!
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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.