Stock India - GAIL India Ltd For Target Rs.103 By GEPL Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/d867605240155e691c6aad0e698b71e7.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
About the Company
GAIL (India) Limited (formerly known as Gas Authority of India Ltd.) is a government owned natural gas corporation responsible for natural gas processing and distribution in India. It wallets in the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation.
Points to consider
* Price chart formed a 6 month-long head and shoulder top with an upward sloping neckline acting as support at 140 levels. The neckline was tested several times over the course of the chart pattern.
* A daily close below 139.8 levels will confirm the breakdown from the 6 month-long head and shoulder top with the possible chart pattern price target of 103.
* On the contrary, if the price closes above 159.65, then the Head & Shoulder Top pattern would be negated. That can result in the prices moving further up to 191 levels.
GAIL (INDIA) LTD. Current Price: ₹148 | Target: ₹103
To Read Complete Report & Disclaimer Click Here
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Industry04.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Advisory.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ministryfinance010324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shein.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)