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sankalponweb
Aug 11, 2021 10:59 AM

Energy sector showing signs of bullishness - Bought GAIL Long

NSE:GAIL1W
GAIL INDIA LTDNSE

Description

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Energy sector showing signs of bullishness.
Nifty Energy was up when nifty was flat today.

Can see good opportunity in GAIL because of following reasons :
  • Weekly chart shows uptrend in stock
  • Stock taking support from 20 & 50 EMA on daily timeframe


Can look for entering 50% of your position size.
Trend AnalysisChart PatternsTechnical IndicatorsstocksignalsGAILstocktowatchstocktradingswingtrading
Comments
SK_tron
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how is it looking now?
SK_tron
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how is it looking now to enter?
sankalponweb
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@SK_tron,
You can purchase it at CMP only if you are a more risk taker trader, as the SL will be very close and there are chances it may hit SL.
I would still wait and wait for it to cross above 145-150 which is 20 & 50 EMA
SK_tron
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@sankalponweb, how is it now? should i wait for close to make any entry? will it sustain?
sankalponweb
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@SK_tron, Wait for close above 50 EMA.
sankalponweb
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@SK_tron you can avoid this trade now, given the fact that it has underperformed market and market may correct now, so GAIL might correct more.
sankalponweb
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@SK_tron i bought gail at 150.1
SK_tron
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@sankalponweb, ohh , what target do u expect by this month or nxt month?
sankalponweb
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@SK_tron,

Target - 170
SK_tron
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@sankalponweb, do you expect by this or nxt month?
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