NSE:GAIL
Observations:
1) On 15min TF we can see there is resistance channel. this resistance channel has been tested so many times.
Please refer below chart : 15min time frame.
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Trade Setup for 06-06-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge...
Hello gail india short term swing trade buy above: 156 target: 170 stoploss: 153.
LOGIC BEHIND TRADE: Stock has formed W pattern on 4 hr chart & given breakout of dynamic & static resistance, breakout buying strategu (Target identified from harmonic xabcd pattern level 1.414) stoploss is taken low of resistance candle. NSE:GAIL
Gail India has completed its 4th corrective wave, where wave C is the last leg of correction.
Price took 27 weeks to complete the corrective wave ((4)).
After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high .
The traders can...
TRADING STRATEGY: Sell on rise keeping SL of 174 and look for the target of 145 zone in coming trading sessions
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4...
As per the 2 Hour Chart of GAIL, we have witnessed a Formation of a “Bullish Engulfing” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 160.10, 162.45, and 164.65. Whereas, on the...
Makkale GAIL waiting for blast mode but need confirmation though. For a long term investor i dont want to say that because under hydrogen theme this going to benefit most, u didn't bought yet??? ( innuma buy pannama irrukinga)
Am posting this for swing and short term makkale.Kindly do your own analysis and must follow risk reward and money management.
(Hmm PSU'S...
Gail on a weekly time frame has crossed it resistance level and has closed above it.
The stock looks bullish and can make new ATH.
Daily time frame, there is a crossover of the moving averages which give another confirmation of a bullish rally.
Support :- 165, 160
Resitance :- 170, 177
The resistance are taken from the fib levels and previous high.
Wait for...
GAIL -- On verge of Breakout.
If crosses 170 and sustains -- we will see a super up move.
Above all Moving averages,
Daily RSI > Weekly RSI > Monthly RSI.
Keep an eye on the level and enter once confirmation is received.
GAIL is looking good at its current trend and going by the chart and numbers it looks even better and poised to touch highs where one can make some decent profit
Gail (W):
1. Breakout (with good volumes) and retesting has been done
2. Took support at 61.8 Fibo Levels
3. Also closed above 13 Weeks Exponential Moving Average
Gail (Daily):
1. Symmetrical Triangle Breakout
2. It has also retested its Breakout (Formed a higher low)
3. Also bullish candlesticks patterns like Inverted Hammer and Bullish engulfing has been...
Gail has made a ABCD pattern on the chart and it has retested the previous high around 150 Levels and bounced from that level and 15 level is also its 21 day moving avg level
One can go long around CMP 152 with SL @ 136 (78.6% retracement level for the recent up move)
RSI Indicator bouncing from 50 level also suggesting buying at dips.
![GAIL: Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]](https://s3.tradingview.com/s/SsrwDVvo_mid.png "Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]")
