GAIL

stock price analysis and breakout from consolidation phase

Approximately after 6 month the stock price of

has crossed the level of 197.5 On 3rd june the stock price of gail has faced resistance from 200 moving average Yesterday it has given its closing above 200 moving average which indicates further rise in stock price And today the stock price is trading above the important resistance level of 197.5 Now the level of 197.5 will acts as an important support level as support and resistance are interchangeable RSI 65 Now the further rise in stock price may be seen And the stock price may move towards the level of 207