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Stock Radar: GAIL sees breakout from 2-year consolidation range; what should investors do?
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GAIL (India) Ltd broke out from a 2-year-long consolidation range on the weekly charts in July to hit a fresh 52-week high.After hitting the 52-week high of Rs 122 on 31 July, the stock failed to hold on to the momentum and is now trading above the upper trendline resistance of the consolidation range.GAIL stock price has been moving in the range of 30-40 points since June 2021, where Rs 110-114 acted as a stiff resistance on the upside.
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