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GaneshWadhwa

Gail at confluence zone

Long
GAIL INDIA LTD (NSE:GAIL)  
GaneshWadhwa Updated   
NSE:GAIL   GAIL INDIA LTD
Technical Indicators Chart Patterns Trend Analysis GAIL niftytrend NIFTY BANKNIFTY swingtrading swing swingtrade positional
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indicator chartpattern trendanalysis gail niftytrend nifty banknifty swingtrading swing swingtrade positional
Going long in Gail.
Box breakout
Sector is in strong uptrend
Pullback to 200 MA (1H) on low volume
Targets are big compared to SL
Potential risk reward is close to 1:5
Trade active:
Keep accumulating. Falling on low volumes
Trade active:
Strong hourly candle at 200 MA with good volume. This usually signals an upmove because the previous downside correction was on little to no volume
Trade active:
Strong up-move with supportive volumes. Trail your stop to 170 now
Trade active:
New lifetime high
Trade active:
Another lifetime high. This time with strong momentum and volume. Expect strength in near term with the sector also showing movement
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