TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 5-7 times.
A small breakout can be expected in GAIL as shown in chart.
Duration 2-3 sessions, ROI~15%
Conditions:
Level to hold- 157
Straight Target- 183-185
NFA. Do your own research before following.
Range breakout in weekly timeframe can be seen in GAIL, can be bought at CMP for the above given targets in chart in coming weeks/days OR if you get in 162-165 zone can be a good pick, green dots shows, previously the line has acted as a support line, dot shows that the line has acted as a resistance line. 182 and 194 are the two ultimate targets. Go with a strict...
#GAIL
This is classic case where in 2 logic Mixes.
First Logic - RSI divergence exactly at the Trendline. Previously same thing happened in feb-march, shown by white arrows, where Price fell. Will it fall again? But the sector is bullish...
Second Logic - Ascending broadening wedge or Ascending Megaphone in Daily.
Price closed exactly near trendline. Also there...
