GAIL
AGAIN LOOKS LIKE ITS A LONG IN THE NEXT FEW WEEKSAGAIN LOOKS LIKE ITS A LONG IN THE NEXT FEW WEEKS
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MANY STOCKS IN NIFTY50 IS SHOWING A UP TREND. DOES THIS MEAN NIFTY COULD GO UP UP AND AWAY ?
CONDITIONAL SELL || GAIL || SL 350.1Sell Gail only if it goes above 345.8 with SL of 350.1 and targets of 341.3/338.5. Do not take trade if it opens below 343.3
Gail : Shooting star patternNSE: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 AnalysisGAIL 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
Gail - Buy Idea - Demand zone just touched and bounced.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.
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My personal view.
GAIL ON THE VERGE OF BREAKING NECKLINE???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 DO NOT ENTER FRESH TRADES HERE
IT WILL BE AGAINST THE TRADING RULES OF H&S
IF PATTERN FAILS WILL LOOK LIKE A DESCENDING TRIANGLE AND USUALLY DESCENDING
TRIANGLE WITH UPSIDE BREAKOUT WILL ALWAYS PERFORM BETTER ON THE UPSIDE.
HERE ARE THE PREVIOUS OBSERVATION
GAIL HEAD AND SHOULDERS TOP PATTERN COMPLETED???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 NECKLINE
DEC FUT TRADE
SHORT@356
STOP@370
TARGET@325
LOT:2667
QTY:1
view this for information
GAIL TWIN TRADES USING HEAD AND SHOULDERS PATTERNGAIL 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
