I identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here)
And we did see a breakout and run up to 540-550 levels.
Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463)
and this week a hammer-like candle is also formed in the support...
Buy Gail Above 166 For target for 174.5-193.
It has Formed Cup handle pattern and Given breakout, So One more breakout above 166 will be Good momentum for Gail.
