GAILWhile we are in an upside channel lately, the overall picture isn't great, no fresh longs till we see a closing above 110. till then it is a sell on rise script
GAIL trade ideas
GAIL INDIA LTD.GAIL INDIA LTD.
The stock is taking a strong resistance from 50% Fibonacci.
However, my view is bullish as:
TIME-TREND INDICATOR ARE BULLISH.
RSI IS ABOVE 50 & MOVING UPWARDS.
Once the prices break 88.5 with volume, the next resistance is 90.3 & 93.
Nearest Support is 86.5
KEEP AN EYE !! #B+
Gail Trading setup for up coming weeksCMP 91.35
sell below 89 buy above 96
stop-loss 94-95 stop loss 90
target 79 and 68 target 107 and 120
AS PER CONVENIENCE
DISCLAIMER; DO YOUR ANALYSIS
GAIL INDIA (30min) for 18/05/2020Good setup for intraday.
Falling wedge pattern on 30min chart
case1
If breakout takes place retest for .618 level
case2
Pattern continuation and continue to fall
case3
Retest downward support
Gail - Possible trend reversalThe price decreasing and volume decreases. The price is at support. For a long position, the price needs to close above the trend line.
Let me know your views on this.
Disclaimer: Educational purpose only.
GAIL at a buy potential areaGail touches the upper circuit of a pattern and come towards down ,i took that trade , sorry not to inform earlier , now it is at the down circuit ,we can expect a potential buy at that place
GAIL Long Setup GAIL looks good for testing the levels of 103-105 after forming consecutive double bottoms on two separate occasions.
Can buy on pullback to the structure for target approximate height of the range.
GAIL Intraday Shorting IdeaGAIL looks bearish if it is unable to cross 87.55 level as it forms a triangle pattern in higher time frame.
Also,increase in price is not being confirmed by higher volumes.The volume is on decline and RSI suggests that the stock is overbought.One can look for shorting the stock with a minor stop loss. Target 86.10 / 85.50. If it crosses 87.55 levels there could be a breakout and stock can give bullish momentum.
GAIL India Eliote wave analysisGail india on its down trend its in its final phase of completing the eliote wave. In one hour chart after a long 3rd wave there will be 3 wave correction it can touch 112 as per my analysis.
