Pullback trade, structure is compromised hence high risk
RS is strong on both daily and weekly
High volume pin bar suggesting temporary selling climax
Tgt 196 sl 168.7
Going long in Gail.
Box breakout
Sector is in strong uptrend
Pullback to 200 MA (1H) on low volume
Targets are big compared to SL
Potential risk reward is close to 1:5
In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy .
I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RSI but whatever they choose to enter a trade they mostly miss the...
Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:- What is Rectangle Pattern and How to Use...
Gail has given a nice bullish rally after crossing the previous ATH of 131.5.
There has been a 30% bullish rally. It has formed a double top and once it starts trading below 155.80 level it will confirm a "M" pattern too,
Today there was a nice sell of in the stock and it closed 5.5% lower with good volumes.
Even the RSI indicator is showing a bearish...
Chart analysis:
Pattern: Basing pattern is formed and breakout happened in Dec 2023.
Breakout: Basing pattern is broke the All Time High (ATH) price after 6 years.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Target of BO: 223.2
Disclaimer:- Please always do your own analysis or consult with your financial advisor...
GAIL might give a possible intraday trade with a small SL
Entry : 166.5- 167 (in between or after sustaining preferable at 166.5 )
Stoploss : 164.5
Target : 168.5, 170, 172+
If there is a Huge gap up or gap down then 👇
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not...
GAIL 5 Years Target 3x Possibility.
Gail has given Breakout above 148 on Monthly charts ... Long term Investment Targets will be 3x 600+
LTP - 166
SL - 145
Targets - 600+
Timeframe - 5 Years
Happy Investing
