GAIL – Watching Trendline Test

Trendline Break: Price is currently testing the long-term descending trendline near 182–185. Watching whether it sustains above this zone or reacts lower. This will be the first sign of buyers regaining control.

Channel Formation: Price is moving inside a rising channel. A move outside this channel will indicate the next direction — either strength if it breaks higher, or weakness if it breaks lower.

Horizontal Level: The 180 neckline has been tested multiple times and is acting as a strong support. Price is currently trading just above this level.

Indicators:

• RSI (60.7): Momentum is in the bullish zone but not overbought.
  
• MACD: Just crossed into positive territory, showing early signs of strength.
  
• EMA 200 (181.9): Price is right at the 200 EMA. Sustaining above it would be a positive sign.
  

Disclaimer: This is for educational purposes only and not investment advice. I am not a SEBI registered advisor.