Stock Radar: GAIL stock climbs above descending trendline; time to buy after 16% fall from highs?

GAIL (India) Ltd stock has recently broken above a key resistance on weekly charts, signaling potential upward movement. Experts suggest medium-term traders with a high-risk appetite can consider buying for a target of Rs 198 within 2-4 months, with a stop loss below Rs 155. The stock has formed a strong base around Rs 150.