GAIL trade ideas
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.
GAILwith increased volume ... .. ... .. ... .......................................................................................................................
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
