GAIL
GAIL Long Setup GAIL looks good for testing the levels of 103-105 after forming consecutive double bottoms on two separate occasions.
Can buy on pullback to the structure for target approximate height of the range.
GAIl - Positional Long if breaks the Support of 82.5GAIL has formed a W pattern on Daily TF.
82.5 was monthly support that got broken, and is now acting as resistance. same has been tested more than 4 times on 75m TF.
if 82.5 is broken by a clear Covering Candle on 60m / 75 m TF - Can go long positionaly with 82.0 as SL.
GAIL India Triangle Pattern Breakdown Expect-able NSE:GAIL
Two support levels are given as well as a possible resistance level.
GAILGail India may take support near 116-117 if market supports. As per the Volume high side is from sell but let see what market do
If take support as per level then may hit 121 as there is GAP down and this GAP will work as resistance till it break
#GAIL - perspective Evening Star on Yearly Charts & now resting at / testing the Ascending Triangle Breakout Level.
GAIL closed over important pivot levelGAIL has closed above an important pivot level, net resistance is placed at 138 - 140 levels, above which a good and strong move may be seen to 170 levels.
RSI is now spending time in bullish zone while MACD has moved above zero line. Accumulate on dips suggested.
Gail India has created a perfect Flag and waiting for a breakoutBUY at CMP 123 with a STOPLOSS 120.60 and Targets 127, 132. Comment out for better understanding of the position taken ....
GAIL at inflection point.Gail is trading at an inflection point. A strong close above 127 will fuel up the rally whereas any selling pressure at the current levels may push the prices down south again to 110 zones. The RSI is at the bearish extreme zone.
