A short-term reversal move can be expected due to profit booking. The market has also peaked and there is a chance for the crude price to increase in the coming weeks. This can also affect the stock price adversely.
Gail : Beautiful structure in weekly chart
>> PSE Stock
>> Declining Crude oil Prices will be positive for this stock
>> Be patient with this stock
>> Trade Level to Level
Happy Trading !!!
Gail on the weekly time frame has closed above both the moving averages but is near a resistance.
The stock even on the daily time frame has crossed the 200 ema and closed above it.
The stock has also given a break out of the consolidation box.
3 point confirmation.
1. High volume box break out.
2. Closed above 20 and 200 ema on weekly time frame.
3. Closed...
THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left...
Two scenarios .
1. The stock has made H &S pattern. The pattern must break the historical support and retest the area for confirmation showing bear grip.
2. The area of confluence + Strong Q1 results + positive global sentiments shows bullishness in stock. A rejection long wick candle validates this but the H & S pattern formed may trap investors.
3. Since the...
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...
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 (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...
GAILis trading under pullback…
According to Study there can be :-
Target 1 -150.00
Target 2 - 148.00
Target 3 - 144.00
From Target 1 or 2 can be a New Upside impulse generator point.
![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]")
