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GAIL (INDIA) LTDGAIL (INDIA) LTDGAIL (INDIA) LTD

GAIL (INDIA) LTD

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GAIL trade ideas

GAIL India, PSU stock at a support zoneTwo scenarios . 1. The stock has made H &S pattern. The pattern must break the historical support and retest the area for confirmation showing bear grip. 2. The area of confluence + Strong Q1 results + positive global sentiments shows bullishness in stock. A rejection long wick candle validates this but the H & S pattern formed may trap investors. 3. Since the inflation is being stable (yet above RBI Std) and global recovery in Gas demand we can expect the stock to move upwards given that GAIL is a fundamentally strong PSU having a very good dividend yield. 4. My view is Long, that the stock has made a insider candle at the area of confluence in DAILY TF, with targets specified in the charts. 5. Safe traders can wait for a good bullish candle breaking prev week high as confirmation in weekly TF for long positions by keeping the weekly low as stop-loss and Vice-versa. Aggressive traders can enter with a stop loss below the support zone @ 123/119 and go long for targets above 150 and 170 and beyond in long term. Note: This idea is purely on observation made by me, this is not a recommendation or a call. please do your analysis and share your opinion in the comment box below. Healthy discussion and inputs are welcomed with thanks
NSE:GAILLong
by harshith67
Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]NSE:GAIL Observations: 1) On 15min TF we can see there is resistance channel. this resistance channel has been tested so many times. Please refer below chart : 15min time frame. ------------------------------------- Trade Setup for 06-06-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:GAIL
by Trading_hawk