GAIL: Buy GAIL above 360 with short term holding target of 375

After remaining under corrective decline for the major part of the year 2018, the stock has attempted to form a base in the 310-325 zones and has attempted to reverse its trend. The stock moved past its multiple resistance area that fall between 340-351 zones. The Weekly MACD remain in continuing buy mode. The Weekly RSI has marked a fresh 14-period high which is bullish. The stock has ended above its upper Bollinger band and this signals a likely breakout. The Bollinger band remain 42% narrower-than-normal and this further increase the possibility of a sharp move in prices. Any move below 339 will be negative for the stock.