GAIL trade ideas
GAIL Weekly Sell Pullback Failure !? Whether it will continue ? After making a High of 150 in th eprevious month . #GAIL is gain back to 119-123 levels . This level coincides with 38.2% retracement of previous swing (72-200) . It will be interesting to see whether #GAIL holds the level and fails SELL Pullback . NSE:GAIL
Consolidating, grand EW waves completion is yet not confirmedIf the stock manages to close above 128.40 in short term and remains bullish, then the next target will be 146.25. However if the stock somehow closes below 119.50, then the stock may see a low level of 101 in intermediate term. If the consolidation continues around the present level, the stock may come out of bearish shadow by mid-February'20
GAIL is on Monthly support upward channel.On looking the chart of GAIL , we found that the stock is just trading on its Monthly uptrend support channel and traders may wait for a either side breakout with volumes.
Consolidation phase ( Trading with in Zone) This scrip is entering in time based Consolidation phase
where price will moderately move with in upward directed flag pattern
one can look for trading with this zone , we are looking trade this for a while before heading for next move down as impulse
Look for buy & Sell Set up on smaller time frame to enter & Exit
GAIL LONGAS SEEN IN THE CHART GAIL DOUBLE BOTTOM IS THERE IN GAIL AND IT IS READY FOR UPMOVE TILL 145 TO 148 LEVELS WITH SL OF 128
GAIL 129 || SHORT || INTRADAYSELL below 129 SL 129.5
Targets 128.5, 128, 127.5, 127, 126.5, 126
OR
GAIL 26SEP 127.5 PE (₹2)
GAILIt is making a bullish Harmonic Gartley in hourly time frame with PRZ near 122.50. If the level of 120 holds can expect a bounce back to 126-128
