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Published on 26/06/2020 2:11:58 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy GAIl Ltd For Target Rs. 112 - HDFC Securities

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Momentum Pick - Buy Gail Ltd For Target Rs. 112 -   HDFC Securities

Observation:

*  After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

Buy GAIl Ltd  Up to 7 days CMP 104.75 Target 112 SL 99.80

 

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