Sunday, April 19, 2009


GAIL (Rs 254.9): The long-term trend in GAIL continues to be up since the stock is still poised above its long-term trend-line. Moreover, it has retraced only half of the gains it recorded between 2000 and 2008. The market decline of 2008 halted around Rs 200 and after moving in a range between Rs 200 and Rs 220 between November 2008 and March 2009, the stock is currently in a medium-term up-trend.

This up-trend will face resistance in the band between Rs 290 and Rs 300. A reversal from this zone will take the stock lower to Rs 210. Long-term investors can hold the stock as long as it trades above Rs 200.

Conversely a rally past Rs 300 would imply that the stock can progress towards the previous peak at Rs 370.

Source : Businessline 19-04-09

Our Recommendation :

Our Research Team Views :

Day High Low Rs.263-249

Monthly High Low Rs.220-285

6M H/L Rs. 185-285

This share has risen sharply more than 50% in the last 6 months. The following

are the ideal ranges for buying and selling :

Buying Range : Rs.200-210

Selling Range : Rs. 270-280

Wait for the price to the buying range on correction in the stock markets.

Holding period : 12 months

Returns expected : 100% plus

For best investment ideas get in toch with us we give - One week, One Month, One

Quarter, 6 M / 12 M picks

Get in touch with us for Portfolio Advisory Services.

Equity Research Team

Intelligent Investor -

Invest Advisory Arm of

Ravina Consulting - Bangalore India

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