TradeTheTip

GAIL | Trendline Break & Retested 🎯

Long
NSE:GAIL1!   GAIL INDIA FUTURES
⭕ positional Trading opportunity ! Weekly Chart Alert !!!⭕

--Buy Above = 143.75 or CMP
--Target = 157 | 196
--Stop-loss = 117
--R:R =2.02
--lot size =6100
--Expected Profit = 36%
--Expected Holding = 3-6 months only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) Trendline break with volume
2) Stock retested the trendline again
3) volume is very good
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Trade closed: target reached: 1st TGT hit

Comments

on monthly chart if support line is drawn since the year 2004 then best buy levels comes to near 112-115 , which may be seen in the month of july or august 2021.
Reply
What is this pattern bro and how do you fix the target?
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