Totally price action based analysis...... if rejection happens at lower black line after retracement then just buy it for target mentioned in charts
volume spike happened after range and trendline breakout
Intraday Trade Setup..
GAIL is in downtrend and following trendline..
Analysis ( Buy/Sell levels) mentioned on chart....
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**** BUY/SELL only if first 15min candle closes above or below given levels.
In 15MIN CHART IT is forming a pattern called BULLISH FLAG . This is an extra confirmation.
Look through Technical analysis we can predict the best case scenerio.
I am doing my best. And one important request is for you that dont try to fight with a market and DON'T TRY TO GAMBLE. LEARN THE CONCEPTS.
Keep follow the levels. This is purely...
Gail is following a trend and it broke an year old resistance line. Support and resistance lines are drawn so place your trades accordingly. Well in weekly charts it has formed hanging man candlestick pattern which in uptrend is a reversal pattern.
DISCLAIMER: This is one of my personal view and not a recommendation.
₹100 is a strong resistance point, if its broke ₹105 could be a nice bet.
₹96 would be a strong support point, if its broke ₹92 could be a good bet.