GAIL LONG POSITIONGAIL LONG POSITION ABOVE 98 HAVING TARGET OF 111 AND 130 AS PER ASCENDING TRIANGLE.
GAIL
GAIL - Long above 97 Looking at GAIL higher highs / higher lows and sector growth from past couple of days ...
Once sustains above 97, we can see targets of 100/105/110/115
Pls add to watch list
GAIL SHORT TERM TO POSITIONAL IDEAGAIL has been showing good bullish momentum since past 3 weeks (Check weekly chart).
Price has now come near to resistance area, but there is a gap of 2-3 points which needs to be filled until a trade can be executed.
I only go long in stocks which are trading above their 50EMA and GAIL has recently crossed that level so the trend is in our favour.
Risky traders can enter above 97, but for proper risk management I will enter only when the gap is filled.
Here's the indicator analysis :
I am still trying to figure out a good setting for ADX. Here, I have used ADX(8) with DMI(13).
And,as to why I am not interested in the trade right now near these levels is because the upper close of the gap is also a 50% fibo level as shown in the image below :
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.
