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Gailltd

Gail waiting for a break out on higher time frame.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 above 200 ema on daily time frame. The stock has closed near a resistance level and if the levels is crossed the stock can reach 3-digit levels soon. Let the stock to close above 93.5 level and create intraday and swing positions only when the level is tested. Target :- 98.5, 101.90 Stop loss :- close below 200 ema (daily time frame). Wait for the price action near the levels before entering the trade.
NSE:GAIL
by Mambotrade
1
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
Simple Trade Setup | GAIL | 09-08-2021NSE:GAIL On Daily Time frame it has broken 21DMA with Gap up and with good volume on 06-08-2021. Also on 05-08-2021, we saw sudden sell off in 2nd half. But RSI made minor lower high while price action made huge lower low. This was a bear trap and panic sell off before the results. Results announced by the evening and it was good results. Simple Trade Setup for 09-08-2021. 1) If it stays and trade above 149 level and it will be a good entry point for buy trade. 2) If it open flat and go down and get support from 147 level then it will be also a good entry point for buy trade. 3) But if it breaks down the 147 level then it will be again short trade till 144 target. 4) Since 21DMA is placed at 143.70/143.75 level then in this down fall it might test 21DMA and make reversal. And if it gets support from 143.75/144 level then it will be a good entry for Buy trade. But if it fails to get support and breakdown 21DMA level then we will see profit booking and it will give down move. 5) Safe Entry Trade Level For Buy Trade it will be above good breakout of 150 level. For Sell Trade it will be below good breakdown of 143 level. Hope chart and levels are easy to understand. Do comment your doubt or suggestion.
NSE:GAILLong
by Trading_hawk
2