A double bottom pattern was observed in the chart of GAIL. Two equivalent bottoms were observed within a duration of 40 days. A good volume also supported the bearish breakout after the 2nd bottom. Considering risk reward ratio of 1:1 the target of Rs. 319 was achieved in 18 days.
GAIL – DOUBLE BOTTOM PATTERN
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Stock Analysis
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Bullish View
Bearish View
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