buy gail above 398 tgt 405/415 sl 390
Primary trend of the GAIL is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 398 ; as the stock is managing to trade above its 22, 55 and 200 days moving averages with the RSI of 65, one may expect the targets of 405 /415 in the stock if it manages to sustain above the immediate support level of 390.GAIL gives breakout of its MONTHLY RESISTANCE POINT, for now first resistance level seen on charts at 1465.
DAILY CHART FOR GAIL: