GAIL (India) Limited (GAIL) Stock - Complete Technical Analysis - Sep 16, 2024

GAIL (India) Stock Analysis: Key Support, Resistance & Market Signals Unveiled

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. GAIL (India) Limited (GAIL) is currently trading at 218, which is about 11.56% below its 52-week high of 246. This indicates that the stock is facing resistance near its recent highs. On the other hand, GAIL is up approximately 87.54% from its 52-week low of 116, reflecting a significant recovery over the past year.

From a technical perspective, the stock is exhibiting some bearish signals. The RSI is in the lower range, suggesting that the stock might be oversold. The Stochastic Oscillator and Stochastic RSI are also indicating oversold conditions, which may signal a potential rebound if buying interest increases.

The MACD is currently negative, supporting a bearish trend, and the Commodity Channel Index (CCI) is deeply negative, indicating that the stock may be in a downtrend. The Bull Bear Power is also negative, further confirming the current bearish sentiment.

The ADX is relatively moderate, suggesting that the current trend strength is weak. The ATR indicates low to moderate volatility, which aligns with the current consolidation phase.

Support levels can be identified around recent pivot points and the 52-week low, while resistance is evident near the 52-week high. Traders should watch these levels closely, as they may provide key insights into potential price movements in the near term.