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GAIL ON THE VERGE OF BREAKING NECKLINE???AS DISCUSSED EARLIER THAT GAIL CAN BE A POTENTIAL HEAD AND SHOULDERS ON THE DAILY CHART WE HAVE TO WAIT FOR THE BREAK BELOW THE TRENDLINE I WENT SHORT AND ALSO RECOMMENDED @355-60 LEVELS WITH FUTURES TRADE SO WE CAN HOLD ON THE STOCK FOR DOWNFALL WITH STOP @350 IF BREAKS MY FIRST TARGET WILL BE 315 AND THEN WAIT FOR A PULLBACK BEFORE GOING SHORT AGAIN CAUTION DO NOT ENTER FRESH TRADES HERE IT WILL BE AGAINST THE TRADING RULES OF H&S IF PATTERN FAILS WILL LOOK LIKE A DESCENDING TRIANGLE AND USUALLY DESCENDING TRIANGLE WITH UPSIDE BREAKOUT WILL ALWAYS PERFORM BETTER ON THE UPSIDE. HERE ARE THE PREVIOUS OBSERVATION
NSE:GAIL
by manavtechresearch
1
GAIL HEAD AND SHOULDERS TOP PATTERN COMPLETED???HAD RECOMMENDED THE FORMATION FEW DAYS AGO WHEN THE RIGHT SHOULDER WAS ABOUT TO BE FORMED SINCE WE HAVE TESTED THE RIGHT SHUOLDER HIGH AND REVERSED I WOULD LIKE TO TRADE THIS PATTERN NOW ON THE SHORT SIDE CAUTION TRADE AT YOUR OWN RISK WE ARE TRYING TO CAPTURE THE TRADE EARLY TRADERS CAN WAIT FOR THE BREACH OF 333 LEVELS AND WILL CONFIRM THE BREAK OF THE NECKLINE DEC FUT TRADE SHORT@356 STOP@370 TARGET@325 LOT:2667 QTY:1 view this for information
NSE:GAILShort
by manavtechresearch
1