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.
My personal view.
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
IF BREAKS MY FIRST TARGET WILL BE 315 AND THEN WAIT FOR
A PULLBACK BEFORE GOING SHORT AGAIN
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...
GAIL TRADING THE HEAD AND SHOULDER PATTERN
LEARNERS CAN WAIT AND WATCH
TWO TWIN TRADES
WAIT FOR REVERSAL
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.