GAIL AT ATH LEVELS

GAIL @ CMP 136. Highly cyclical stock. Touched ATH 104 on 1-Jan-2008 which was breached on 1-Sept-2017 only. Made new ATH 133 on1-Aug-2018 which was breached on 1-Nov-2023. The stock with CMP 136 is sailing within an ascending channel having its probably resistance at 155. The stock has been in uptrend since last 1yr, so some correction or profit booking is more
likely at new ATH levels. May correct upto 110-115 which is good support level.