GAIL trade ideas
Gail looks good for shortGail is creating a falling wedge pattern after breakout of channel resistance. Looks like it can test its wedge support line @225.6 and if it will break then 223-221 possible also.
Bullish Gartley - GAIL - 4h Bullish Gartley - GAIL - 4h
PRZ: 333-337
SL: 331
TGT: 343, 346
08-05-2019
Expiry Strategy: Sell 370 Call May @3.3 & Buy 380 Call May @ 1.7Trend is continued to be in consolidation phase between 310 and 400 levels. It wanders around 200 day EMA while MACD signals negative bias by staying below zero line. Expect it to stay below nearby resistance level of 370 till this expiry. As election result is on due, would like to adopt spread strategy. Lot size: 2667.
GAIlGail - 4 hr TF
Downward price channel movement. But within the channel currently moving up. Targets short term in green.
SL in red.
Need to revisit this chart as 50 ema and 200 ema are 2 rs above cmp.
So will see on Monday what happens
MARKET ANALYSIS : GAIL LTD IS AT TRENDLINE RESISTANCE GAIL LTD IS AT TRENDLINE RESISTANCE AND PRICE GOT REJECTED AT RESISTANCE EXPECTING TARGET FIB LEVEL 0.618 = 346.25 AND THE MAJOR TARGET 1.618 = 331.40 SELL WITH THE STOP OF 357 LETS SEE WHAT HAPPENS!!!!
GAIL 15 MIN - BUY BULLISH PENNANT FORMATIONLevels are mentioned on chart.
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Gail Daily - Head and Shoulder with support at 300 - 310 areaGail Daily - Head and Shoulder with support at 300 - 310 area.
Play Long until it breaks 300 with strong volume
Gail Weekly - Breakout after a long range bound tradingGail has broken out the long range bound trading. Has tested the previous resistance line multiple times which has now turned into good support around 300 - 310 area.
Buy on dips until 300
GAIL.. time to gas up..GAIL is a range with 200 dma on the downside and a resistance on the up..tested 343 346 zone twice and has bounced of it
the 20 dma is about to cross the 200 dma which will push it up for the breakout..
buy on dips if you get any and stoploss below the 200 dma
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.
Buy GailBuy Gail break above this daily candle highs stoploss below this candle .. looks a Good Upside bounce is coming with an awesome Risk Reward Ratio
