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Gailindia

GAIL: Head and shoulder 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 shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head. The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below. The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline. May 29 TRADING STRATEGY: GO SHORT WITH SL OF 99 & LOOK FOR THE TARGET OF 73/63 IN THE COMING WEEKS. NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 99 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
NSE:GAILShort
by TradingSutra
2
Gail India Ltd Swing trade ViewHi everyone, This is the Daily chart of Gail. If Nifty Stops falling This can be a good entry The price is consolidating in a range (Sideways) . The price is forming a Head and Shoulder Pattern withing the range.(possible for Bearish). Risky but good reward trade for swing: Entry: Above 123 (candle close in Daily chart) Reason for entry : Price is at supports, Bullish Engulfing at support. Stoploss Below 125 (support zone) Targets : 150, 170
NSE:GAILLong
by SanjayMani
GAIL India, PSU stock at a support zoneTwo 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 inflation is being stable (yet above RBI Std) and global recovery in Gas demand we can expect the stock to move upwards given that GAIL is a fundamentally strong PSU having a very good dividend yield. 4. My view is Long, that the stock has made a insider candle at the area of confluence in DAILY TF, with targets specified in the charts. 5. Safe traders can wait for a good bullish candle breaking prev week high as confirmation in weekly TF for long positions by keeping the weekly low as stop-loss and Vice-versa. Aggressive traders can enter with a stop loss below the support zone @ 123/119 and go long for targets above 150 and 170 and beyond in long term. Note: This idea is purely on observation made by me, this is not a recommendation or a call. please do your analysis and share your opinion in the comment box below. Healthy discussion and inputs are welcomed with thanks
NSE:GAILLong
by harshith67
Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]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. ------------------------------------- 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 the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:GAIL
by Trading_hawk
Gail Technical Analysis Hello Guys , Today I Have The Technical Chart of GAIL it has breaked the head and shoulders today but now I think it can go down to the Targets shown as it has Breaked here and ready for go on a Bear Trend and now lets talk about the targets . So its target could be 124 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye . Time Frame :- 1 Day Patterns Name :- Head and Shoulders Symbol Name :- GAIL Based on Your Own Risk this is only to Show you the Current Pattern . We are not responsible for any profit or loss .
NSE:GAILLong
by MAYANKTECHRESEARCHING
EWT - Gail is Going To Break 2021's High 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 expect the following targets 149-156-170+ for impulsive wave ((5)). Invalidation point is low of wave ((4)) at 125.20. Wave Formations: Wave ((1)) started to form an extreme low at 65. - Leading diagonal Wave ((2)) has retraced 0.618% of wave ((1)). - Zigzag correction Wave ((3)) has extended 2.618% of wave ((1)). - Five wave impulse Wave ((4)) has retraced 0.5% of wave ((3)) - Extended wave 5
NSE:GAIL
by forextidings
7
Gail to reach another ALL TIME HIGH.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 the price to retest the support level and if the price respect the support level, trade can be initiated.
NSE:GAIL
by TheMamboMomentum
GAIL (Detailed Analysis)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 formed on Retesting levels i.e Trendline Support Addl Points: 1. FII/FPI have increased holdings from 18.36% to 19.69% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 9.17% to 7.92% in Dec 2021 qtr Note: The above analysis is just for educational purpose.
NSE:GAILLong
by deeptinseth