Stock of the day : GAIL Ltd For Target Rs. 208 - Religare Broking Ltd

GAIL Ltd
Buy GAIL Ltd CMP 195.67 Range 195-196 SL 189 Target 208
* The power and energy related counters are showing renewed buying interest and Gail is trading in sync with the move.
* Gail is making a higher top and higher bottom formation which is the primary condition of an uptrend.
* Currently an ascending triangle is visible on the daily charts which is a bullish continuation pattern.
* Participants may consider initiating long positions as per the mentioned levels.
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