It took about 50 days for this triangle pattern to form. From 9-11-2016 to 30-12-2016. Entry at Rs 312.90 was at breakout. The volume was high at that point. The stop loss is at Rs 303.50. The target is at Rs 348.50.
GAIL (India) Ltd – Triangle Pattern – Bullish
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Stock Analysis
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Bullish View
Bearish View
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Is the correct entry point just above breakout which I have marked or at T1 level which is Rs 332.10. If so the target would be Rs 366.40.