#GAIL - perspective Evening Star on Yearly Charts & now resting at / testing the Ascending Triangle Breakout Level.
GAIL trade ideas
Long One can look for adding Long in Future contract with stop below the current bearish low and Look to Book near the forecast
Swing Long GAIL - Target 136Price is making HL. and took support above .618 fib level . Delivery % is also found in order. Entry can be made near 124 and Sl can be placed near 119.05.
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Gail : RISK/REWARD 8:1Gail is trading at a resistance of an upper trendline in a falling price channel.
Today Gail did break the falling trendline and now giving up gains, creating a long wick.
Gail is in a bear market of its own. Gail already corrected over 45% from a high of 200 to a low of 110 in the past 18 months.
The trend being downward, it's wise to sell on rallies.
Short 125.50
Stop 128.50 ( Today's High)
Target 100
RISK/REWARD 8:1
GAIL closed over important pivot levelGAIL has closed above an important pivot level, net resistance is placed at 138 - 140 levels, above which a good and strong move may be seen to 170 levels.
RSI is now spending time in bullish zone while MACD has moved above zero line. Accumulate on dips suggested.
Gail India has created a perfect Flag and waiting for a breakoutBUY at CMP 123 with a STOPLOSS 120.60 and Targets 127, 132. Comment out for better understanding of the position taken ....
GAIL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
GAIL at inflection point.Gail is trading at an inflection point. A strong close above 127 will fuel up the rally whereas any selling pressure at the current levels may push the prices down south again to 110 zones. The RSI is at the bearish extreme zone.
GAIL now under pressure of SELL Line. #NSE #BSE #NIFTY50 #NIFTY Can go long in GAIL after it comes out of SELL Line . NSE:GAIL
