I think, Am bored today... charts coming up one after other or I'm not sure whether I'm seeing setups easily today. Anyway here is another Gail for you, as usual go with your plan.
Just note how simple elliot counts can help our trade setups, so people worrying that we dont know complex elliot's, there is nothing to worry about that !
GAIL Come back from correction and gave two consecutive strong candles. Today it was closing above it's important trend line. Indicates further upmove left.
One can buy now for target of 415, 420, 425. SL - 390.
I m not sure whether old strategies in the trunk Got Me or I Got that, but now another trade setup in Gail, as this charts are like Holi colors, Gave away approx stop, target , Entry zone. Check with your plan before trading. But as far as now, Gail : I Got You :)
Note : That's a song by Bebe Rexha ( I got you ) with some fantastic beats, enjoy if you have time !
Gail has broken important resistance zone last week with volume. It is good positional buy with 397 as Stop Loss. Half qty can be entered at CMP and rest in case it takes support at the breakout levels.
The stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
Two CnH patterns are spotted in GAIL .
The first CnH with double top at 538 levels shall move GAIL to 640 levels if the CnH holds true.
Failure to break 538 levels can drag GAIL to 490 levels to the CnH pattern in the making. In case of second CnH, GAIL shall retrace to 490 levels and then move to 800 levels in such a scenario.
Dear friends dis stock rejected from its fibb 78.6 level area at the same time rsi also overbought so there is good chance to hit 0.618 fibb level so keep your eyes on dis. entry price,stop loss and target given on chart so please trade with care..
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