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GAIL

A STUDY ON GAILGAIL is broadly moving in the range between 125 TO 149 But presently there is a sudden down move from 149 High.. How to know whether it is part of a corrective move or is it an impulsive move ?? How to know whether the present down move from 149 is an impulsive move or a corrective move ?? To know that we have to check the previous upmove from 125 TO 149 If you look closely , it took 15 trading days to move from 125 to 149 After that the Down move started Now if we have to call the next move as impulsive , we have to break the previous low (125) , within 10 trading days (around half of the previous) Presently it is @ 125 and till now it has taken 26 trading days Since it took more than 10 trading days , the present down move is a part of corrective and very soon an impusive move will come So Don't be on Short side on Gail Dream long on Gail If you ask me , Buy Gail between 121 to 125 for a target of 135
NSE:ONGCLong
by joel-vg
1
High Probliblity of SPIKE for GAIL. Price is trading at a " value high ". Suppose to extend price rotation as drawn in the chart then Spi ke is ready. The 30min can close above 148.7 then, 90% chance to make spike for targets 151.5 and 152.25. While Spike volume should more than average volume , for instance, 2x volume will confirm the spike. Support at 147 Hit LIKE button for live ALERT /Notification. Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area. It is generally caused due to trader indecisiveness Price movements are broken upon major news. The price rotation is the fair market value. Price-Rotation : The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand . Those type of value areas will offer extremely powerful support and resistance areas for future price action . In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade. I WILL WRITE ON THIS TOPIC VERY SOON: The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
NSE:GAILLong
by Trade-Technique
4