GAIL LONG I hope you can now see how Gail represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Gailindia
GAIL & Natural GAS: Naturally !!GAIL (India) Ltd is India`s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
Though the International Natural Gas Prices acts as the LEAD INDICATOR for GAIL Share Prices.
Don't take my word for it, go and check out. Now don't ask me mundane questions like what is the Correlation efficient, R sq etc etc.
Some work you do.
GAIL SHORT TERM TO POSITIONAL IDEAGAIL has been showing good bullish momentum since past 3 weeks (Check weekly chart).
Price has now come near to resistance area, but there is a gap of 2-3 points which needs to be filled until a trade can be executed.
I only go long in stocks which are trading above their 50EMA and GAIL has recently crossed that level so the trend is in our favour.
Risky traders can enter above 97, but for proper risk management I will enter only when the gap is filled.
Here's the indicator analysis :
I am still trying to figure out a good setting for ADX. Here, I have used ADX(8) with DMI(13).
And,as to why I am not interested in the trade right now near these levels is because the upper close of the gap is also a 50% fibo level as shown in the image below :
GAIL Intraday Shorting IdeaGAIL looks bearish if it is unable to cross 87.55 level as it forms a triangle pattern in higher time frame.
Also,increase in price is not being confirmed by higher volumes.The volume is on decline and RSI suggests that the stock is overbought.One can look for shorting the stock with a minor stop loss. Target 86.10 / 85.50. If it crosses 87.55 levels there could be a breakout and stock can give bullish momentum.
Any failure to move above 85 will induce more correction The stock is into dominant trend down and this pullback seems to be corrective. Now the stock has faced resistance and the momentum indicator is also taking a halt at the bearish extreme. Any failure to move above 85 will induce more correction and the stock may further correct to 65 & 44 levels. However a move above 85 may push the stock further towards 103 & 125 levels.