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
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.
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 is taking support from the trendline and looking good Buy above 152 for upper marked targets on Chart until 145 is intact on the downside on a closing basis.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team