Return potential - 8-10% / 15-16.5%
Risk::Reward ratio is 1::3 / 1::2.5
- Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!!
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- The view expressed...
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
Happy Investing, Stay Safe & Protect Your Capital
Gail on the weekly time frame has closed above both the moving averages but is near a resistance.
The stock even on the daily time frame has crossed the 200 ema and closed above it.
The stock has also given a break out of the consolidation box.
3 point confirmation.
1. High volume box break out.
2. Closed above 20 and 200 ema on weekly time frame.
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left...
Gail is at the support and
Bollinger Bands are squeezed and the breakdown of the lower band.
Macd is Bearish Crossover
RSI is below 40
So short near the close of the candle for the targets of 84 and 78.
This is the Daily chart of Gail.
If Nifty Stops falling This can be a good entry
The price is consolidating in a range (Sideways) .
The price is forming a Head and Shoulder Pattern withing the range.(possible for Bearish).
Risky but good reward trade for swing:
Above 123 (candle close in Daily chart)
Reason for entry : ...