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thepageabhi
Nov 2, 2021 5:19 AM

GAIL ready to explode Long

GAIL INDIA LTDNSE

Description

SIMPLE PRICE ACTION IDEA

GAIL has been following clear trends since.

Recently, very positive earnings were released. Massive upside potential
Price recently took support on 100 MA cluster on daily TF. . On smaller TFs, bullish divergence can be viewed on RSI as well.

Daily Close Candle above 157 can yield targets of 170+ (Target 1)
If the weekly resistance line (marked above) is respected targets of 200+ are possible (Target 2)

Estimated time for price to reach target is mentioned in the charts.



I'm a beginner here. Would love to hear all suggestions and feedbacks if anyone has any. <3
Comments
SK_tron
how is it looking now for entry?
thepageabhi
@SK_tron, it is at trendline support, you can enter now
SK_tron
@thepageabhi, by when do you expect 170 though?
thepageabhi
@SK_tron, Wait for confirmation to enter. Once the stock gets back in the momentum, 157 should be your first target (in around 10 days). Post that, 170 might take another 2 weeks. Any news if comes will affect the stock accordingly.

The bottomline is no one can predict exactly the amount of time, my estimates are based on past momentum.
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