GAIL -Symmetrical Triangle -Near Breakout

GAIL -Symmetrical Triangle -Near Breakout

Name - GAIL
Pattern - Symmetrical triangle
Timeframe - Daily
Status - Near breakout
Cmp - 237
Target - 266 - need to close above 240
SL - 232

Pattern:

A symmetrical triangle pattern is a common chart pattern in technical analysis that indicates a period of consolidation before the price breaks out, either upward or downward.


Fundamental:
Here are some key fundamental ratios and metrics for GAIL (India) Ltd.:

Market Cap: ₹156,284 Cr
Current Price: ₹235.00
Price-to-Earnings (P/E) Ratio: 13.84
Price-to-Book (P/B) Ratio: 2.03
Return on Equity (ROE): 13.96%
Dividend Yield: 2.31%
Net Profit Margin: 22.88%
Debt-to-Equity Ratio: 0.248
GAIL is a leading natural gas company in India, with extensive infrastructure including over 11,500 km of natural gas pipelines and multiple LPG gas-processing units.
GAILRectangle

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