Go long in GAIL India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India was having back to back gains. It becomes very difficult for a trader to make an entry. You don’t know when the stock will stall. Luckily for us, for the last three days GAIL has stalled and that gives us a buying opportunity. If the prices fall below the stalled level, we know that it is going for a deeper consolidation or correction.""Trading is also about managing risk, so, here the risk is now defined and well managed. Three days of trading range tells us that if there is more potential in GAIL and that seems to be so, now is the time to go long in it," he said.