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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