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.
Gailtrend
Looking Good - Long term ViewHi All…
Greetings!
Today I’m sharing with you Gail India Ltd. Weekly Chart. I think if GAIL breaks 133 & 148 level we might see good upcoming move. The targets mentioned are Long term TGT so keep patience.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
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Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analyst.
Gail waiting for a great move 27/06/23.Gail has been trading in a range for almost 4 months and in a smaller range for 40 days. Its trading around the support zone of 102-104.
The stock has consolidated very well and can give either side break. Though on the daily time frame, the stock is trading between both the moving averages and is taking support from the zone forming dragon fly doji near it.
It has formed an inside candle and on the hourly chart, there is a bearish moving averages cross over.
Fundamental too the stock looks good and will give nice returns in coming years. The dividend yeild of the stock is also better.
Target (bullish) :- 108.2, 112
Stop loss :- 102.5
Enter after seeing the price action. If stock price starts trading above the previous day high long positions can be created and accumulation of long term can also be done at the current price levels.
Wait for the price action near the levels before entering the trade.
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.
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.
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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.
GAIL India Ltd.Sector: Oil Drilling And ExplorationGAIL (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.
CMP: 144.30
Gail India has 51% promotor holding and good rally can be seen in coming Days.
Gail India has completed its 4th corrective wave, where Side wave trend is the last leg of correction. and also given breakout.
The traders can expect the following targets 146-153-158-179+ for impulsive wave.
Trader can follow dip to buy and five time investment strategy.
If you think information is useful please comment and follow for Daily Updates.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
SHORT TERM VIEWLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
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
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.
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.