Gail Indian stock chart is moving in a down channel pattern, this pattern indicates that as long as stock is moving in a down pattern bears will be favored and further price fall can be seen in coming days, technical also indicates that stock is finding strong trend line resistance as shown in above graph (its previous support is now acting as its resistance) as long as stock holds below bears will be favored and further decline can be seen in coming days.
Stock was on News - Government probe says GAIL (I) negligence caused Telangana pipeline accident. On 04th April pipeline accident killed 2 people. This is second time in this year that government has blamed GAIL (I) for negligence and also for not following standard operating procedures.
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