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GAIL @ 177 UPDATE
Stock started its new impulsive rally from COVID LOW of 37.
From low of 37 till high 107 we got wave-1.
From high of 107 till low of 78 we got wave-2 (Here wave-2 is shallow pullback only 38.2%).
From low of 78 till high of 248 we got wave-3.
From high of 248 stock is in middle of wave-4 & in ideal case it should complete around 161 & worst case 135 spot levels & anywhere from this zone it should start wave-5 for 260 spot levels. (Here wave -4 is doing price wise correction because wave-2 was shallow only 38.2%. RULE OF ALTERATION.)
