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GAIL

Gail waiting for a great move 27/06/23.Gail has been trading in a range for almost 4 months and in a smaller range for 40 days. Its trading around the support zone of 102-104. The stock has consolidated very well and can give either side break. Though on the daily time frame, the stock is trading between both the moving averages and is taking support from the zone forming dragon fly doji near it. It has formed an inside candle and on the hourly chart, there is a bearish moving averages cross over. Fundamental too the stock looks good and will give nice returns in coming years. The dividend yeild of the stock is also better. Target (bullish) :- 108.2, 112 Stop loss :- 102.5 Enter after seeing the price action. If stock price starts trading above the previous day high long positions can be created and accumulation of long term can also be done at the current price levels. Wait for the price action near the levels before entering the trade.
NSE:GAIL
by Mambotrade
GAIL- Relative Strength says BUY!Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023 As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up: 1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up 2) Falling Wedge Breakout (see Wedge Blue lines)........ this is clear with today's Candle 3) Price (Ratio in this case) Moving Up within the confines of a Channel (see Black Channel) The Upside Target is shown by the Green Arrow Mark Extending Being a Relative Strength (Ratio Chart) the Signal we get from this says that GAIL is likely to Outperform Nifty 50 in the coming days/ few weeks
NSE:GAILLong
by T_Harth
Gail: Triangle Breakout Gail India Return potential - 8-10% / 15-16.5% Risk: 3-6% Risk::Reward ratio is 1::3 / 1::2.5 - Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!! Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:GAILLong
by indiamarketoutlook
Gail waiting for a break out on higher time frame.Gail on the weekly time frame has closed above both the moving averages but is near a resistance. The stock even on the daily time frame has crossed the 200 ema and closed above it. The stock has also given a break out of the consolidation box. 3 point confirmation. 1. High volume box break out. 2. Closed above 20 and 200 ema on weekly time frame. 3. Closed above 200 ema on daily time frame. The stock has closed near a resistance level and if the levels is crossed the stock can reach 3-digit levels soon. Let the stock to close above 93.5 level and create intraday and swing positions only when the level is tested. Target :- 98.5, 101.90 Stop loss :- close below 200 ema (daily time frame). Wait for the price action near the levels before entering the trade.
NSE:GAIL
by Mambotrade
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