GAIL
GAIL ready to explode, Swing Trading IdeasSIMPLE PRICE ACTION IDEA
GAIL has been following clear trends since December' 2020.
Recently, very positive earnings were released. Massive buy volume to be expected.
Price recently took support on 100 MA cluster on daily TF. . On smaller TFs, bullish divergence can be viewed on RSI as well.
After a long consolidation since June'21, the stock looks ready for upside move. Increase in average trading volumes can be seen.
Break of short term Structure (T3) and Daily Close Candle above 157 (R1) can yield targets of 170+ (R2) (Target 1)
If the weekly resistance line (T2) is respected targets of 200+ are possible (Target 2)
Estimated time for price to reach target is mentioned in the charts.
I'm a beginner here. Would love to hear all suggestions and feedbacks if anyone has any. <3
GAIL ready to explodeSIMPLE PRICE ACTION IDEA
GAIL has been following clear trends since.
Recently, very positive earnings were released. Massive upside potential
Price recently took support on 100 MA cluster on daily TF. . On smaller TFs, bullish divergence can be viewed on RSI as well.
Daily Close Candle above 157 can yield targets of 170+ (Target 1)
If the weekly resistance line (marked above) is respected targets of 200+ are possible (Target 2)
Estimated time for price to reach target is mentioned in the charts.
I'm a beginner here. Would love to hear all suggestions and feedbacks if anyone has any. <3
FY21-22 Swing Trade Idea #178: Long on GAILThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NIFTY ENERGY SECTOR Headed for a great upmove.NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks.
Your SL in this sector would breaking of right shoulder low.
Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
Gail, beautifully in sync a thing which struck me about this scrip was how beautifully in sync the higher and lower timeframe pitchforks are. Moving as one.
The scrip formed a bullish harami/doji right on the lower parallel line with a long lower tail. So the recent correction maybe over?
Next couple of days should be interesting.Will keep an eye 👀
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
Double bottom Formation!!A double bottom has formed and moved up on weekly chart!!
out of 16500kms network of gas transmission 11500kms belongs to gail.
A good news is also on the way where govt is trying provide subsidiry on these line which will hlep the books get better and therefore this stock can perform in comming days.
if you are holding don't sell this,It is a buy on dips stock now(the reason for low SL).
on the whole the oil & gas sector is performing good and govt of india is taking a effort to push this sector, therefore i am bullish!
In coming time this can see 200 levels!!
SHORT TERM VIEWLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
GAIL - High Probability Long Swing TradeChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GAIL
GailGail has completed impulse wave of some degree as 1 to 5 and now is in correction phase likely to be a b & c, as per our view,
there could be a good probabilities of price to go down towards 125 to 130 zones, if situation goes as presumed then we can get any one trading opportunity from two options mentioned below.
First trading strategy option is
sell on rise with stoploss of 163
Second trading strategy option is
if price does'nt rises then sell only below this black line
with breakdown candle's high as stoploss
two trading strategies are possible to trade
volume comparision
bearish divergence in macd and price
bearish divergence seen in rsi & price
macd in weekly bearish
macd in daily is bearish and also below zero line
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Energy sector showing signs of bullishness - Bought GAILEnergy sector showing signs of bullishness.
Nifty Energy was up when nifty was flat today.
Can see good opportunity in GAIL because of following reasons :
Weekly chart shows uptrend in stock
Stock taking support from 20 & 50 EMA on daily timeframe
Can look for entering 50% of your position size.