Gail is following a trend and it broke an year old resistance line. Support and resistance lines are drawn so place your trades accordingly. Well in weekly charts it has formed hanging man candlestick pattern which in uptrend is a reversal pattern.
Intraday Trade Setup.. ** GAIL is in downtrend and following trendline.. ..Support 102.15 Analysis ( Buy/Sell levels) mentioned on chart.... Comment your views..... *Plz , Support the idea by clicking LIKE button.....& Follow me :) .... **** BUY/SELL only if first 15min candle closes above or below given levels. .... Thank you, Vishwajeet Sharma
Note: This is for educational purpose only. There is a build up near resistance in GAIL. Moreover, there is ascending triangle with RSI above 60. Seems bullish momentum.
Entry for buying would be at 102.15, SL is on closing basis. Nix2B Price Action Trading
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
The price is a the important 0.5 retracement level. The short term Target is 107.05 with SL at 96.5. Providing a RR of 1:2.5
SELL GAIL around 96 tgt 94.5 stoploss 97 (Disclaimer : This is my personal view and only for educational purpose .It is not not an Investment /trading advice )
SELL Gail around 98.80 (cmp) For Tgt 92 and Stop loss 102 ( Disclaimer: This is my personal view not an Investment advice ) (Positional trade)
Gail Monthly chart 3rd time on demand zone
DISCLAIMER: This is one of my personal view and not a recommendation. ₹100 is a strong resistance point, if its broke ₹105 could be a nice bet. ₹96 would be a strong support point, if its broke ₹92 could be a good bet.
GAIL LONG POSITION ABOVE 98 HAVING TARGET OF 111 AND 130 AS PER ASCENDING TRIANGLE.
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 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 move to 88 to 90.5 levels if breaking 85.3 in couple of sessions
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.