1. RSI oversold and made higher high while on the line chart there was lower low that means trend is going to change 2. for perfect entry i waited for downtrend to reverse by initiating the trade after trendline break with volume and it is now the same 3. 1st Targets are mentioned as per longterm trenline & 2nd target is based on resistance DON'T forget to...
GAIL has shown good volumes on a breakout. Backed by good results. NSE:GAIL I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
Note: This is for educational purpose only. There seems to be a W - double bottom pattern formation in play. Moreover, there seems to be a bullish hammer formation at long term support. If the W top is broken with high volume, there will be more upside.
GAIL is at a strong support right now. It has tried to break this support multiple times but has failed. If it does break from here, it could melt down to 69 levels. If it reverts back, this could be a good entry point as the support will act in again.
Long on gail above 89.20 in intraday Target - 90.20 - 93
Buy at the current level Target Rs 100 Get 7-8% return Educational purpose only, do your self-analysis
Price making symmetrical Triangle and currently at the support. 95 was a good buy with small stoploss. Expecting price to break the resistance in the coming week.
Buy around 93.20-92 sl 90 ( 60 min closing basis) TGT 106 +
We have a 5 Wave impulse which is a Leading Diagonal forming as such that Wave 1, 2, 3 are complete and now Wave 4 is forming Wave 4 is a Simple Correction because Wave 2 was a Double Three and now we have a Flat structure forming in the Wave 4; We see Wave A and B both have 3 Wave structures and now the Wave C the Downward 5 Wave Impulse is forming and...
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Gail is sitting below a crucial S/R. Buy above 102
Smart money accumulated before starting uptrend. They will try to defend the position by buying when price comes into buy zone. Note - avoid before 9:30am and after 2:30pm due to high volatility
It will keep testing the resistance at 104 once broken can achieve the target of 120.
GAIL (India) Ltd is India`s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services. Though the International Natural Gas Prices acts as the LEAD INDICATOR for GAIL Share Prices. Don't take my word for it, go and check...
#TradeTheTip #tradethetip 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
GAIL - Bullish setup 4 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
Should be a good shorting opportunity below 50DEMA