On the Weekly chart, GAIl breaks its resistance and holding its position above 150 Which means it will test again 170 in the near term.
Short-term Target:
165 with stop loss 148
Long term target:
170 with no Stop loss. If any time, the share goes below 148 level, buy on a dip strategy will follow. the time frame 1 year.
Gail had rallied from 128 to 166 in April & May and then retraced 50%. It has crafted a falling wedge or pole & flag pattern and ready to give a breakout which is considered as a sign of trend reversal and beginning of bull run once again.
A buying position can be initiated with a stop loss below 146.5 and target of around 165.
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NSE:GAIL is reaching it's all time high and should not be able to break through psychological level of Rs200. But most certainly BULLISH in long term. Will surely attempt on breaking out of that resistance zone after good correction.
Note : This is only for educational purpose and the views are person
Strong MACD and good volumes being reported since last 3-4 days.
Keep a watch and start accumulating at around Rs 161-165 level for
atleast 10-15% upside in short term.
After being in a downtrend for almost 140 weeks, bullish sentiments are again active.
Can be bought at current levels of 165 for 180/199.
Note: Educational purpose.
Another Multi Year breakout chart is here. This time its GAIL and its going to break the levels of 13/08/2018 highs of 176.95 and this time its with the volume too. Post 176 it will be going to hit double century with near term of 1 month. Then in the blue sky target is unlimited. PSE's are in demand. Even on the RSI indicator there is triple bottom, forming from...
Hey everyone!
There is a rounding pattern formation in Gail India. Go through the chart, it is self-explanatory.
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Disclaimer: This analysis is only for educational purposes.
Disclaimer :- This is not any buy or sell recommendation. It is just my personal view on this counter. Kindly consult with your financial or investment advisor before investing. Thank you !
Gail is trying to break their symmetrical triangle pattern. yesterday successfully closed above the triangle. 130 is the support level. This bullish view will be fail if 130...
