After the continuous selling in GAIL, now probably it may look for a pullback around 38.2 Fibonacci Level.
Entry can be at 380-382 Range if price action seem bullish, if it trades below the low of the previous candle (379.80), Be patient and wait for the price to cross above 380 level to enter.
Trade has a good Risk/Reward.
The CNXENERGY index is showing ominous signs.
These stocks haven't been doing too well recently but have enjoyed a sustained uptrend.
It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started.
For more thorough analysis, check out my daily NSE dashboards at
I think, Am bored today... charts coming up one after other or I'm not sure whether I'm seeing setups easily today. Anyway here is another Gail for you, as usual go with your plan.
Just note how simple elliot counts can help our trade setups, so people worrying that we dont know complex elliot's, there is nothing to worry about that !
I m not sure whether old strategies in the trunk Got Me or I Got that, but now another trade setup in Gail, as this charts are like Holi colors, Gave away approx stop, target , Entry zone. Check with your plan before trading. But as far as now, Gail : I Got You :)
Note : That's a song by Bebe Rexha ( I got you ) with some fantastic beats, enjoy if you have time !
Strategy: Buy the dip of 355
GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
Strategy: Buy the dip of 355
GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
GAIL has been trading in uptrend and it traded in consolidation and broken by breaking a triangle pattern and it is trying to retest the triangle support which may be a good buying zone,traders may enter long on dip around 430 with a target of around 480 in near term.
It is been observed on daily chart that the price action is trending up in a channel and now it is breaking out from the previous support levels of 418 and dipping down towards the next strong support levels of 408-405. The sellers are in dominance over price action and it shall now dip and correct further down.
GAIL is making a beautiful triangle with less white space and being compressed from both sides. This Coil when busted may give good trading opportunity. Please watch it and take advantage of it. Good Luck
Gail India Ltd. trading in bullish phase also confirmed breakout the wedge pattern and bullish flag pattern. it is technically looking strong enough and may go further upward with a target of 500.00 in near term. traders may go long on this stock, enter long slightly at lower price as if market open in red it may retest the previous level 440.00 or further may go...