GAIL - Danger Signs

GAIL has given the following indications which are contradictory to one another.

• RSI is moving sideways which is confirming with the price movement.
• MACD is still on positive zone.
• The stock is nearing its strong resistance zone at 269 which has been tested on multiple occasions since December.
• OBV, a sign of the strength of purchases has been reducing from last year. A lot more selling is happening than accumulation on the stock.

Overall, it does not look like a good sign on the stock.