GAIL - SHORT CANDIDATE
After long downtrend the stock had given small pull up & reversing inline with its trend
Negative rejection candle at the top of pull up zone indicates bearishness in the stock
Slopping down of 50 EMA is an additional confirmation
Refer chart for levels.
Negative rejection candle at the top of pull up zone indicates bearishness in the stock
Slopping down of 50 EMA is an additional confirmation
Refer chart for levels.
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