Gail Bullish or Bearish? Lets see#GAIL
This is classic case where in 2 logic Mixes.
First Logic - RSI divergence exactly at the Trendline. Previously same thing happened in feb-march, shown by white arrows, where Price fell. Will it fall again? But the sector is bullish...
Second Logic - Ascending broadening wedge or Ascending Megaphone in Daily.
Price closed exactly near trendline. Also there is a gap created exactly 2 years before between 4th June to 6th June 2019.which is exactly above today's high. Will the rally continue and fill the gap?
Take your Pick, what you wanna do..
long and short levels on chart.
GAIL
Gail technical analysis (28/05/2021)Gail was in a good uptrend on long term.
from 165 it started to correct in a falling wedge pattern took support at 145 (50% of last up swing) and broke out the wedge pattern
it broke out from the wedge and made a high of 155 and again made a small correction till 150(round number+50% of last upswing)
it is making a bullish harami pattern(15min) with huge volume at the latest uptrendline.
If it opens gap up then breaks and close above 155.65 then my next target will be 158 intraday.
155.6-158
If it opens flat and move downwards i would like to see it taking support at 150+major uptrendline for a positional buy for few days.
The structure is changing from sell on rise to buy on dip for short term.
This is purely my personal view trade ; NSE:GAIL at your own risk and reward
GAIL going to hit 170 Again!!!On the Weekly chart, GAIl breaks its resistance and holding its position above 150 Which means it will test again 170 in the near term.
Short-term Target:
165 with stop loss 148
Long term target:
170 with no Stop loss. If any time, the share goes below 148 level, buy on a dip strategy will follow. the time frame 1 year.
GAIL | Trendline Break & Retested 🎯⭕ positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy Above = 143.75 or CMP
--Target = 157 | 196
--Stop-loss = 117
--R:R =2.02
--lot size =6100
--Expected Profit = 36%
--Expected Holding = 3-6 months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Trendline break with volume
2) Stock retested the trendline again
3) volume is very good
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Symmetrical triangle BO in Gail.Disclaimer :- This is not any buy or sell recommendation. It is just my personal view on this counter. Kindly consult with your financial or investment advisor before investing. Thank you !
Gail is trying to break their symmetrical triangle pattern. yesterday successfully closed above the triangle. 130 is the support level. This bullish view will be fail if 130 breaks. and upper levels are already mentioned in the chart. Thank You !!😊
Energy has exhausted its energy to sustain in Market.With the help of parallel channel and flag pattern, Nifty Energy is clearly showing downfall which will lead to shares likes Reliance Industries, ONGC, HPCL, Gail etc will also show weakness in the coming days. Traders can look for some shorting opportunities in these shares. This analysis is also supported by the ongoing news of diverting oxygen from industries to the NSE:RELIANCE medical health care system. NSE:ONGC NSE:GAIL