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Gailshort

GAIL: Key Levels to Watch for Potential Downside MovementDescription: In this analysis of GAIL, we observe a potential bearish setup Trigger Level: If the price breaks today's low, it may indicate further downside movement. Stop Loss: Today's high serves as a prudent SL to manage risk. Target: Monitor the mentioned levels or adjust based on price action dynamics. ⚠️ Disclaimer: This analysis is for educational purposes only and is not a trading or investment recommendation. Please do your own research and consult a financial advisor before making any decisions.
NSE:GAILShort
by tradinggoat_2018
Gail going for a dip after ATH. Bearish move expected.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 divergence on the daily charts. Chances are thereof it testing the lower levels around 151 and 147. Target levels :- 151.7, 147.5, 142 It has closed below 38.2% fibonacci level, will come to test 50% and further targets of 61.8%. Wait for the stock to cross today's low after a flat or slight gap up opening. The retracement after forming a new high is remaining in the stock. And profits will be booked by the swing trades. Keep in mind the R:R ratio and SL while entering the trade.
NSE:GAIL
by Mambotrade
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: 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 : Leading DiagonalTRADING 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 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal beagan.
NSE:GAILShort
by TradingSutra
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 Mambotrade
GailGail 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 with stoploss of 163 Second trading strategy option is if price does'nt rises then sell only below this black line with breakdown candle's high as stoploss two trading strategies are possible to trade volume comparision bearish divergence in macd and price bearish divergence seen in rsi & price macd in weekly bearish macd in daily is bearish and also below zero line Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:GAILShort
by RK_Chaarts
2
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
GAIL ANALYSIS AS PER WAVE THEORY 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 we have Waves 1, 2,3 compl-ete and Wave 4 is forming now Wave 4 can go as high as the start point of Wave 2 so anywhere below Rs. 148.75 we can take an opportunity in short and then stay in short and trail till the selling is over.
NSE:GAILShort
by Kruti0210
GAIL HEAD AND SHOULDERS TOP PATTERN COMPLETED???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 NECKLINE DEC FUT TRADE SHORT@356 STOP@370 TARGET@325 LOT:2667 QTY:1 view this for information
NSE:GAILShort
by manavtechresearch
1