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swingtrade_secrets
Aug 15, 2021 5:53 AM

GAIL SWING TRADE  

NSE:GAIL1D
GAIL INDIA LTDNSE

Description

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The stock reclaimed its 50 EMA yesterday with above average volume along with downward sloping trendline breakout. The momentum indicator RSI also suggests positive bias along with positive MACD crossover in this counter.EMA CROSS OVER ON daily chart also formed recently

target 170
SL 142
Trend AnalysisTechnical IndicatorsChart Patterns
Comments
SK_tron
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hey brother, why do you think gail went down today when all other petroleum stocks like IOC, COALINDIA andBPCL shot up like anything? any thoughts?
swingtrade_secrets
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@SK_tron, bro any stocks can go down some days no matter however the market is behaving, you are already in profit I believe, just hold
SK_tron
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@swingtrade_secrets, actually it just reached my buy price , it went down after i bought
SK_tron
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how is it looking now?
swingtrade_secrets
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@SK_tron, you understand the meaning of SL or you think all the trades we took will become a success ?
SK_tron
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@swingtrade_secrets, i was just asking you if it is a good time to enter now for going long for next month
swingtrade_secrets
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@SK_tron, it can be bought with a stop loss of 139, small risk
SK_tron
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@swingtrade_secrets, any chance of hitting 160 by next month end? since nifty energy is also moving up from bottom of a channel
swingtrade_secrets
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@SK_tron, yes possible but trade with a stop loss considering the market volatility
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