GAIL (Detailed Analysis)

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.