Raising Channel and Triangle PatternStock Analysis: GAIL has formed raising channel and Triangle pattern it is good buy around marked demand area for conservative entry however it is expected to break the above supply zone and reach the target given on the chart with below demand zone level as stop loss.
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GAIL trade ideas
Gail Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone, 200 EMA & the lower trendline. The target is placed near upper trendline.