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Gladiator Stocks : GAIL

Technical Outlook

BSE Oil&gas index has resumed uptrend after healthy retracement and witnessed breakout above June highs indicating strong uptrend.
Within this space Gail has witnessed breakout from eight weeks bullish Flag pattern post earnings, indicating resumption of up move and fresh buying opportunity
Structurally, stock has been holding above its 50 day EMA since December 2023 and in current scenario also rebounded after taking support at key moving average suggesting elevated buying demand and higher support base

For details, click on the link below:

https://www.icicidirect.com/mailimages/IDirect_GladiatorStocks_GAIL_July24.pdf

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