April 13, 2010

GAIL weekly chart technical analysis

  • GAIL strong run from 224 levels with the weekly MACD buy signal
  • GAIL currently moving sideways within the channel along with a MACD  sell signal.
  • weekly sell is still not confirmed.
  • weekly sell will be confirmed if the price breaks the channel.
  • if the resistance of 430-440 breaks and a close above these levels will be the confirmation for the uptrend continuation.
          thank you
          take care

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