Gail has given a nice bullish rally after crossing the previous ATH of 131.5.
There has been a 30% bullish rally. It has formed a double top and once it starts trading below 155.80 level it will confirm a "M" pattern too,
Today there was a nice sell of in the stock and it closed 5.5% lower with good volumes.
Even the RSI indicator is showing a bearish...
Cleanest As It Can Get
Big Buy Gail India Ltd.
Cmp - 120.35
Add More If Dip To 113-115
SL - 101.8 ( Weekly Closing Basis
Immediate Target - 150
If Reach To 150 Then Book Full Profit & Wait
For A Dip To 132-135 For The Target Of 222
Stock is rising in a uptrend channel forming HH HL which is the basic definition of an Uptrend. The current price action suggests that prices are unfolding into a primary wave-3.
One should buy the stock on current levels, keeping SL of 105 look for the target of 140 in the coming days and weeks ahead.
Hi All…
Greetings!
Today I’m sharing with you Gail India Ltd. Weekly Chart. I think if GAIL breaks 133 & 148 level we might see good upcoming move. The targets mentioned are Long term TGT so keep patience.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over...
Gail has been trading in a range for almost 4 months and in a smaller range for 40 days. Its trading around the support zone of 102-104.
The stock has consolidated very well and can give either side break. Though on the daily time frame, the stock is trading between both the moving averages and is taking support from the zone forming dragon fly doji near it.
It...
Gail is in such no clear indication as per chart but any side BO /BD will give solid movement in short time. So should try when ever giving movement in any direction with trend.
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...
![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]")
