Dear @hitesh2710 Hiteshji,
How do you see the overall markets now. Nifty and large caps looks like reversed the trend. BSE small cap index going up. 1 month basis nifty is 2.3% down and BSE small cap.index is 4.6% up. I was reading the thesis by Mr. Nooresh Merani @nooreshtech ?) that when ratio between the two trends above 1.8 and when a diversion between these two is danger zone.
Also, how do you see GAIL stock price movement. Looks like the stock price is sideways, but slopping down. The recent previous high is around 112-113 and currently the stock is trading there. Do you keep stoploss around 110-112 levels or will you give more leeway ? RSI below 50, stock below 20 day moving average, close to 110 which is 50 day moving average.
Thanks for your generous and expert views as one of the best informal teacher on stock markets.
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