ParamjitMahapatro
Long

gail looks bullish in medium term

NSE:GAIL   GAIL INDIA LTD
gail is moving in an uptrend channel in weekly, and now at channel support, also hidden bullish divergence is seen.

so sl - below the channel support - 342, and 1st tgt - previous swing high - around 425
Jul 17
Trade active: till now 386.15
Jul 30
Trade active: price is getting squeezed between 2 trend lines, watch for a breakout.
Aug 03
Trade closed manually: price broke the support line, looks bearish.
Oct 09
Comment: It is moving up and approaching channel resistance,
I got impatient with the short term volatility and got out of this early.

Comments

http://imgur.com/t2P1neV

In Bullish Hidden Divergence, price is up and the indicator will be slowing down. A classical bullish Dive is forming in at the bottom.

Also a classical bearish Divergence is forming on top naturally, but it shows a negative move in indicator's upper trend line, while the stock is still bullish.
+1 Reply
i have a similar view.
thank you
Reply
@padiyaraa, thanks for sharing your view
Reply
padiyaraa ParamjitMahapatro
@ParamjitMahapatro, you welcome
Reply
It's a bearish divergence
Reply
padiyaraa rahaman2000more
@rahaman2000more, this is actually a hidden Bullish divergence. please look in t the link for a pic.

http://imgur.com/t2P1neV
Reply
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