Gail (W):
1. Breakout (with good volumes) and retesting has been done
2. Took support at 61.8 Fibo Levels
3. Also closed above 13 Weeks Exponential Moving Average
Gail (Daily):
1. Symmetrical Triangle Breakout
2. It has also retested its Breakout (Formed a higher low)
3. Also bullish candlesticks patterns like Inverted Hammer and Bullish engulfing has been formed on Retesting levels i.e Trendline Support
Addl Points:
1. FII/FPI have increased holdings from 18.36% to 19.69% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 9.17% to 7.92% in Dec 2021 qtr
Note:
The above analysis is just for educational purpose.
1. Breakout (with good volumes) and retesting has been done
2. Took support at 61.8 Fibo Levels
3. Also closed above 13 Weeks Exponential Moving Average
Gail (Daily):
1. Symmetrical Triangle Breakout
2. It has also retested its Breakout (Formed a higher low)
3. Also bullish candlesticks patterns like Inverted Hammer and Bullish engulfing has been formed on Retesting levels i.e Trendline Support
Addl Points:
1. FII/FPI have increased holdings from 18.36% to 19.69% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 9.17% to 7.92% in Dec 2021 qtr
Note:
The above analysis is just for educational purpose.