GAIL (INDIA) LTDLong
GAIL | Monthly Chart | 6 years ATH BO | Basing pattern
Updated
Chart analysis:
Pattern: Basing pattern is formed and breakout happened in Dec 2023.
Breakout: Basing pattern is broke the All Time High (ATH) price after 6 years.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Target of BO: 223.2
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Pattern: Basing pattern is formed and breakout happened in Dec 2023.
Breakout: Basing pattern is broke the All Time High (ATH) price after 6 years.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Target of BO: 223.2
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Trade active
Chart analysis in Daily time frame:Pattern: Consolidation phase after a big rally.
Breakout: Consolidation phase BO happened on 29-Jan-2024 followed by BO supporting candle.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Trade setup:
Entry price: Between 172 and 175.
Stop loss: Below 165.5
Target 1: 190.35
Target 2: 211.65
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