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
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...
Hello gail india short term swing trade buy above: 156 target: 170 stoploss: 153.
LOGIC BEHIND TRADE: Stock has formed W pattern on 4 hr chart & given breakout of dynamic & static resistance, breakout buying strategu (Target identified from harmonic xabcd pattern level 1.414) stoploss is taken low of resistance candle. NSE:GAIL
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 (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...
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 looks strong in such weak sentiments as well, Buy around 159-157 levels for the marked targets on the chart.
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 reached marked target of 168/-
Once crosses 169-170 next target 181/-
Target suggested on the basis of gap filling.
Let me know your views.
.
Learned technical analysis at Patil share market institute Aurangabad, Maharashtra.
GAIL long above 165 good for 181.
There is a gap that will fill up so we can expect a target of 181, the next target should be around 190 and then 197.
Please share your views on my analysis.
This is only for educational purposes.
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...
Note: This is for educational purpose only.
There seems to be a W - double bottom pattern formation in play. Moreover, there seems to be a bullish hammer formation at long term support. If the W top is broken with high volume, there will be more upside.
Price making symmetrical Triangle and currently at the support. 95 was a good buy with small stoploss. Expecting price to break the resistance in the coming week.
![GAIL: Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]](https://s3.tradingview.com/s/SsrwDVvo_mid.png "Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]")
