Jul 26, 2018

GAIL stock price movement update for traders and investors


GAIL stock price took decent support around 300 level in recent market decline and since in steady uptrend forming rounding bottom pattern in a prevailing uptrend.
Target on the upside could be 390, its old high and then can rise above 400 to make new highs subsequently. Decline below 350 is not expected. In case of any adverse stock specific news we can see decline below. We also have news flow related to hiving off its different businesses, so will have to look out regarding those developments as well.
Gail is a huge oil and gas segment PSU, otherwise plagued by the rise and fall in global natural gas prices.

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