GAILwith increased volume ... .. ... .. ... .......................................................................................................................
GAIL trade ideas
Technical view of very good fundamental stock "GAIL" The company recently release their quaterly results. The results are very good. At the same time stock was in down trend but from few recent days stock gave a trendline breakout and also retested the trend line and now moving in upward direction. before some days it was near 200 exponential moving average and from that day it is moving upward. On 6th of august it has also taken a very strong support from 100 exponential moving average . In the given chart you can see some green lines, red lines & one blue line. The red lines are resistance points (strong resistance line are in thick in chart).The green lines are the support lines . The blue line is stoploss for you guys and I have shown my original position in the stock
GAIL (Gas Authority India Ltd) --> Long GAIL is an uptrend currently near bottom of Elliot wave. Technically looks strong for an upward move upto 175
Strong Support around 145 would also let some time to kool off RSI OverBought for Jump seen during Results.
Fundamentally, GAIL has 85% of its revenue for Natural Gas Trading and Transmission/Distribution.
With Natural Gas making higher highs of above 4$, GAIL could see good profits for July and August.
Be wary of Natty reversing back around September / Ending Summer in US Zone.
Always Risk within YOUR apetite only!
Gail-Looking to resume broken channel.Buy only of it closes above 145, strict SL @ 134 on closing basis.
Near term targets are marked, final target 180+
Strong bounce from SupportGAIL has shown a very healthy trend line and a strong bounce frm supoort with good MACD
GAIL analysisAnalysis posted on chart if you like the analysis hit the like button and subscribe the profile to get more updated on ideas and scripts.
Gail india to take longShared Gail chart analysis. All Important levels marked on charts. This is for your educational purpose only.
GAIL - Long1. One year time frame, the stock is uptrend.
2. Formed ascending channel.
3. FIIs has increased 8.5% their holding in June 2021 Quarter.
4. Company excepted to give good returns near quarters.
Disclaimer : This is NOT investment advice. This post is meant for learning and educational purposes only.
GAIL - SHORT CANDIDATEAfter long downtrend the stock had given small pull up & reversing inline with its trend
Negative rejection candle at the top of pull up zone indicates bearishness in the stock
Slopping down of 50 EMA is an additional confirmation
Refer chart for levels.
GAIL can become bullish in coming daysGAIL almost reached bottom line of the parallel channel can go bullish in a few days
Expected to go long in positional view
GAIL_KEEP IT IN YOUR WATCHLISTGAIL can give upside move anytime. Keep it in your watchlist.
One can go long if it breaks the trendline but not to aim long. Small profits would be preferrable.
(for educational purpose only)
