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An Inverse Head and Shoulder pattern is identified in the price movement of GAIL (India) ltd. during the months of July to October during the year 2014. The duration between the two shoulders is 103 days and the volume was high during the left shoulder and relatively low during the right shoulder. So, it can be concluded as an inverse head and shoulder pattern.
TRADE PLAN : GAIL – HEAD and SHOULDER – ENTRY 467 – SL 437 – TARGET 497
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