Short Gail Futures - It's trading near it's resistance zone and it's showing reversal signal in ongoing signal .
It's a very good risk to reward oppertunity .
Stop can be placed at 400 and target could be 370-360
The earlier chart was not Dividend adjusted after re-checking the chart settings.
Hence, had to re-post
The way i read this monthly #chart - #Gail is gearing up for the "Mother of all rallies" as long as it respects the prior swing low of 300. My initial target is 575 #BULLISH
Gail 1D chart shows that it is above 100 EMA. Supertrend has shown buy signal.
MACD is above zero line and bullish crossover moving upwards.
There is resistance at 390 and if it manages to break, it will move higher.
It created a double bottom at the support line and broke the resistance of 349 then went higher.
Based on my "xRAM-Creator" predictive trading methodologies, its going to be a RED candle on 22-Jun-2018 for GAIL
Sell Below(5Min candle close): 338.5 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do...