Stock of the day: Buy Gail India Ltd For Target Rs.116 - Religare Broking
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Gail IndiaLtd
* Gail has been trading in a narrow range, after the failed breakout from a consolidation range.
* Formed a fresh buying pivot while holding firmly above the support zone of the neckline (breakout) area of the range.
* Suprassed the immediate hurdle of short term moving average. Likely to resume the trend soon.
* We thus recommend creating fresh longs in the mentioned range.
Buy Gail India Ltd CMP 107.05; Range 106-108; SL 104; Target 116
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