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GAILMARKET OUTLOOKSTOCK OUTLOOK

Gail Outlook for the Week (August 21, 2023 – August 25, 2023)

Gail
Gail India Chairman Sandeep Kumar Gupta had said the company was targeting a capital expenditure of around Rs 30,000 crore.
Gail closed the previous week on a negative note losing 3.84%.

Technically, Gail share price will see immediate support at 110.75 and immediate resistance would be seen at 115.20.

If Gail share price closes below immediate support of 110.75, then sharp breakdown can be seen. Gail share price will see major support at 108.90 for the week.

On the positive side, immediate resistance will be seen at 115.20. Closing above 115.20, Gail share price will see a sharp breakout. Major resistance for Gail share price will be seen at 117.80 for the week.

Trading range for Gail share price for this week should be between 106.30 on down side and 119.65 on up side.

Gail Previous Week High: 115.95

Gail Previous Week Low: 111.5

Gail Previous Week Range: 4.45 Points

Gail share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 119.65
Resistance 2 117.80
Resistance 1 115.20
Support 1 110.75
Support 2 108.90
Support 3 106.30

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