Gail was in a good uptrend on long term.
from 165 it started to correct in a falling wedge pattern took support at 145 (50% of last up swing) and broke out the wedge pattern
it broke out from the wedge and made a high of 155 and again made a small correction till 150(round number+50% of last upswing)
it is making a bullish harami pattern(15min) with huge volume at the latest uptrendline.
If it opens gap up then breaks and close above 155.65 then my next target will be 158 intraday.
155.6-158
If it opens flat and move downwards i would like to see it taking support at 150+major uptrendline for a positional buy for few days.
The structure is changing from sell on rise to buy on dip for short term.
This is purely my personal view trade ;
GAIL
at your own risk and reward
from 165 it started to correct in a falling wedge pattern took support at 145 (50% of last up swing) and broke out the wedge pattern
it broke out from the wedge and made a high of 155 and again made a small correction till 150(round number+50% of last upswing)
it is making a bullish harami pattern(15min) with huge volume at the latest uptrendline.
If it opens gap up then breaks and close above 155.65 then my next target will be 158 intraday.
155.6-158
If it opens flat and move downwards i would like to see it taking support at 150+major uptrendline for a positional buy for few days.
The structure is changing from sell on rise to buy on dip for short term.
This is purely my personal view trade ;
GAIL
at your own risk and reward
Comment:
ignore this if it opens above the marked levels