GAIL

Chart analysis

The daily chart of

shows a notable breakout above the psychological resistance level of ₹200, closing at ₹200.09 with a strong bullish candle (+2.26%). The stock has been in a recovery uptrend since forming a bottom near ₹145 in March 2025. It recently formed a higher low structure and consolidated in a range, indicating accumulation. The breakout above the ₹197–₹200 zone, which acted as a supply zone earlier, suggests renewed bullish momentum. The next key resistance lies at ₹213.44, which aligns with a prior swing high from early December 2024. A sustained move above this could open the door for further upside, while ₹197 now acts as immediate support. Volume has also picked up, confirming buyer interest.