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...
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...
NSE:GAIL showing possibility of triangle pattern breakout/breakdown on weekly/daily timeframe, keep close eye on it.
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...
TRADING STRATEGY: Sell on rise keeping SL of 174 and look for the target of 145 zone in coming trading sessions Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4...
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...
GAILis trading under pullback… According to Study there can be :- Target 1 -150.00 Target 2 - 148.00 Target 3 - 144.00 From Target 1 or 2 can be a New Upside impulse generator point.
Gail has formed a Double Top pattern on the daily time frame and we have seen the breakdown on Friday, One can sell around 136 for the target of 105-103. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Gail has completed impulse wave of some degree as 1 to 5 and now is in correction phase likely to be a b & c, as per our view, there could be a good probabilities of price to go down towards 125 to 130 zones, if situation goes as presumed then we can get any one trading opportunity from two options mentioned below. First trading strategy option is sell on rise...
NSE: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...
Gail Break Its Support on 1H Time Frame and Retested Its Support
result of gail intraday chart analysis
We have a 5 Wave impulse which is a Leading Diagonal forming as such that Wave 1, 2, 3 are complete and now Wave 4 is forming Wave 4 is a Simple Correction because Wave 2 was a Double Three and now we have a Flat structure forming in the Wave 4; We see Wave A and B both have 3 Wave structures and now the Wave C the Downward 5 Wave Impulse is forming and...
SELL GAIL NEAR 163.65 STOPLOSS IN RED AND TARGETS IN GREEN MARKED
HAD RECOMMENDED THE FORMATION FEW DAYS AGO WHEN THE RIGHT SHOULDER WAS ABOUT TO BE FORMED SINCE WE HAVE TESTED THE RIGHT SHUOLDER HIGH AND REVERSED I WOULD LIKE TO TRADE THIS PATTERN NOW ON THE SHORT SIDE CAUTION TRADE AT YOUR OWN RISK WE ARE TRYING TO CAPTURE THE TRADE EARLY TRADERS CAN WAIT FOR THE BREACH OF 333 LEVELS AND WILL CONFIRM THE BREAK OF THE...
SHORT TRADE IN GAIL SEPT FUTURES SHORT@390 STOP@392.5 TARGET@386 LOT:2667 QTY:1