Gail stock price underwent tight consolidation between 80-115 between January 2021 to June 2023 nearly 18 months within a range. It broke out above 115 in July 2023 and then consolidated another 5 months above 115 and then crossed its previous life time high of 133 in December 2023. Since then it has had a strong run and closed the month at 162.
The important aspect here is the kind of consolidation/compression it experienced before the minor breakout above 115 and major breakout above 133. This provides a nice launchpad for strong moves.
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