Purush_cad

GAIL INDIA LTD - LIVERMORE CYLINDER PATTERN BREAKOUT

Long
NSE:GAIL   GAIL INDIA LTD
Gail India Ltd Stock about to breakout from Livermore Cylinder Pattern which can be a bullish pattern . So, we can expect the stock may go long.

Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).

Avoid selling unless you see protentional breakout at the short side.

I am learning as well. so please analyse the chart by yourselves before taking any decisions.

Criticism always welcome

Comments

hey brother, is the livermore pattern still valid ?
Reply
Purush_cad SK_tron
@SK_tron, i still believe it will go up. If you are not in loss and want to move to another stock then. please pm me.

I will give some good list. Don't worry it is free.

Good Day!
Reply
SK_tron Purush_cad
@Purush_cad, i dont think i can pm you in trading view, it is not letting me to
Reply
Purush_cad SK_tron
@SK_tron, Same here. Need 1 more reputation to send messages.

I cant recommend all here. Check these stocks Prince Pipe, Adani port, JSW Steel, Axis bank, Seacost Shipping, Voltas (Can be bought after a pullback). There are few more but play with stoploss always.

Thank you!
Reply
SK_tron Purush_cad
@Purush_cad, thank you so much, but i really want to hold on to this too as energy sector was very bullish over last few days but
GAIL did not perform
Reply
Purush_cad SK_tron
@SK_tron, Even experienced traders are finding difficulties in predicting the stock. In several news GAIL and ONGC are listed as upcoming performers.

If you want to hold GAIL please hold! Hope it moves positive soon.
Reply
Purush_cad Purush_cad
@SK_tron, are you still holding it? Seems like the stock is moving up.
Reply
is this sideward moevement worrysome?
Reply
Purush_cad SK_tron
@SK_tron, no need to worry bro. Just stay-in until it hits stoploss or the target. some stocks may achieve target quicker and some are not. Patience is the key in trading.

if you are concerned in holding this stock, just sell (if you want to) and buy something else (Like Datamatics, Banka Bioloo, SWsolar, Equitas bank, ONGC, Tata coffee, etc) . There are enormous stocks doing well than this.

We cant win all trades! Still, Stay positive!

Good Day!
Reply
hey brother, any idea why is it down today despite IOC,BPCL,COALINDIA all shooting up? any insights?
Reply