Gail

Gail has completed impulse wave of some degree as 1 to 5 and now is in correction phase likely to be a b & c, as per our view,
there could be a good probabilities of price to go down towards 125 to 130 zones, if situation goes as presumed then we can get any one trading opportunity from two options mentioned below.

First trading strategy option is
sell on rise with stoploss of 163

Second trading strategy option is
if price does'nt rises then sell only below this black line
with breakdown candle's high as stoploss

two trading strategies are possible to trade

• volume comparision
  
  
  bearish divergence in macd and price
  
  
  bearish divergence seen in rsi & price
  
  
  macd in weekly bearish
  
  
  macd in daily is bearish and also below zero line
  
  
  
  
  Disclaimer
  I am not sebi registered analyst
  My studies are for educational purpose only
  Consult your financial advisor before trading or investing