Gaily-buy
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 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.
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.
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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)
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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.
GAIL & Natural GAS: Naturally !!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.
Though the International Natural Gas Prices acts as the LEAD INDICATOR for GAIL Share Prices.
Don't take my word for it, go and check out. Now don't ask me mundane questions like what is the Correlation efficient, R sq etc etc.
Some work you do.
GAIl - Positional Long if breaks the Support of 82.5GAIL has formed a W pattern on Daily TF.
82.5 was monthly support that got broken, and is now acting as resistance. same has been tested more than 4 times on 75m TF.
if 82.5 is broken by a clear Covering Candle on 60m / 75 m TF - Can go long positionaly with 82.0 as SL.