Gail India Ltd Swing trade View

Hi everyone,

This is the Daily chart of Gail.
If Nifty Stops falling This can be a good entry

• The price is consolidating in a range (Sideways) .
  

• The price is forming a Head and Shoulder Pattern withing the range.(possible for Bearish).
  

Risky but good reward trade for swing:

Entry:
Above 123 (candle close in Daily chart)

Reason for entry :

Price is at supports,
Bullish Engulfing at support.


Stoploss


Below 125 (support zone)

Targets:

• 150,
  170
  

Comment:

Entry above * 133 (candle close in Daily chart )

Trade active

Trade closed: stop reached