GAIL
has broken its supp at 150 and has been dropping rapidly since 180 levels a
Stock is heavily oversold so a retracement bounce is not ruled out at any time
but do not mistake that bounce for a reversal
Bulls should look for longs set ups only abv 141
Let the stock consolidate
Shorters can short on bounce with 141 as stops and 120 as tgt
has broken its supp at 150 and has been dropping rapidly since 180 levels a
Stock is heavily oversold so a retracement bounce is not ruled out at any time
but do not mistake that bounce for a reversal
Bulls should look for longs set ups only abv 141
Let the stock consolidate
Shorters can short on bounce with 141 as stops and 120 as tgt