NSE:GAIL
Gail India : Has formed Shooting star candle stick pattern after good up move. This is a bearish pattern.
Also noticed it has rejected 200 EMA which adds more confidence of expecting weakness in this counter.
If starts trading BELOW Friday low then this patter is valid.
GAIL INDIA LTD NSE: : GAIL : Long & Short Analysis
Upper Levels : 330 ,332 , 335 ,337 , if breakout trendline then next stop at 341
Lower levels : 323 , 317 , 314 , if ssutains below 314 then next support at 311
Already touched Demand Zone.
Buy in progress.
Buy on dips.
Higher Highs and Higher lows .
Seems like range breakout to happen in comming few days along with Volume. Expecting a outstanding result.
.
My personal view.
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...
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...
GAIL TRADING THE HEAD AND SHOULDER PATTERN
SWING TRADE
LEARNERS CAN WAIT AND WATCH
TWO TWIN TRADES
NOV FUT
BUY @341
STOP@335
TARGET@355
LOT:2667
QTY:1
WAIT FOR REVERSAL
DEC FUT
SHORT @355-60
STOP@365
TARGET1@333
TARGET2@320
LOT:2667
QTY:2
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
