GAIL shares traded lower ahead of Q1 results. Analyst Rohit Mehta flagged resistance near ₹205 and support at ₹ 171-178. Charts show a recovery from a rounding bottom, but weak ROE (12%) and high other income (Rs 5,211 Cr) remain concerns. Dividend yield stands at 4.09%. Retail sentiment is cautious; stock is down 5% YTD.