1. One year time frame, the stock is uptrend.
2. Formed ascending channel.
3. FIIs has increased 8.5% their holding in June 2021 Quarter.
4. Company excepted to give good returns near quarters.
Disclaimer : This is NOT investment advice. This post is meant for learning and educational purposes only.
After long downtrend the stock had given small pull up & reversing inline with its trend
Negative rejection candle at the top of pull up zone indicates bearishness in the stock
Slopping down of 50 EMA is an additional confirmation
Refer chart for levels.
GAIL can give upside move anytime. Keep it in your watchlist.
One can go long if it breaks the trendline but not to aim long. Small profits would be preferrable.
(for educational purpose only)
A bullish price channel is formed on 1 day TF and now price is at the confluence of main-trendline, pinbar and support zone.
If the price shoot with huge volume that will be the another confirmation for going long.
do your due diligence before making any decision.
Keep on radar!
Keep learning! Keep earning! Keep supporting!
A step by step breakdown of GAIL's journey from 200 Levels to the bottom of 80 levels and start of a new uptrend to reach even greater high. One of my first complete detailed analysis of a stock.Hope you guys learn something from it.And as always everything is completely educational and is not to be treated as financial advice.
NSE:GAIL is standing near support zone.
If it takes the support we can expect the breakout from the trendline.
Major S/R levels are marked.
Do your own analysis and plan your trade.
