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
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 volumesTrade 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 volumeTrade active
Strong up-move with supportive volumes. Trail your stop to 170 nowTrade active
New lifetime highTrade 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.