15-20 Days BUY Gas Authority of India Limited (GAIL)

BUY GAIL @  480 FOR THE TARGETs OF 512 & 517 IN NEXT 15-20 DAYS, WITH STRICT STOP LOSS OF 455.  

On the Daily Charts, stock has made Inverse Head & Shoulders Pattern, which is a Bullish Reversal Pattern. On Wednesday (15 September 2010), prices gave a breakout from its neckline with a good spurt in Volume. Even the prices have moved much above the 20-Days EMA (Exponential Moving Average) and 50-Days SMA (Simple Moving Average) of 463.39 and 456.23, respectively, which give a positive indication about the stock. It’s 14- Days RSI (Relative Strength Index) is quoting at 63.09.

What does Indicators Say?

1. RSI (14 Days): The values is 63.09. (RSI below 50 indicates weakness or confirms the Selling signal). 
2. +DI: 23.63, -DI: 14.38, ADX: 10.39: The Negative Directional Index has gained strength over the Positive Directional Index and also the Average Directional Index is now above 20, indicating strength in the current trend.
3. SMA (50 Days) & EMA (20 Days): The values of these two indicators are 456.23 and 463.39.