GAIL getting resistance at 100-102 level 14 years resistance now acting as support, may get new high level look at chart as detail pointed level. same condition on monthly charts also following. world moving towards gas so India also taking same action for meeting carbon free environment. this may portfolio stock
don't consider as recommendation for buy or...
Gail - Looks Like bullish move start we can see good upside
Time Frame - 8 Days
Objective :- Big Support by Demand Zone.
1. Very good Trendline Support.
2. Make Base near Level 100.
3. Good Resistance at 130-133
4. looks like we can see 20-50% upside in Gail.
Ideas :- Go Long CMP add more near 100-104 CB stops 98 Target 130 145 184+++
Disclaimer -...
Gail was trading in zone 90 - 113. If it sustain for a week or two near 116-20 levels, certainly we can observe 10-20% upside n short to medium term.
Secondly, RSI has become Positive after long time on weekly charts which is a healthy sign.
Can buy on this levels if risk taker or wait for the next weeks candle on daily and weekly charts.
Disclaimer ; the idea...
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Gail India breaks a downtrend line on weekly chart and gives a breakout close on above with good volume spike in it so we can see a bullish momentum will continue in this stock in coming days for the target of 115 zones.
Gail chart looks really promising at CMP 111.50
Patterns are drawn on Monthly Chart Basis and projected on Weekly Time Frame for Clear View.
Targets are as follows:
Tgt 1: 113.50 (Daily Chart)
Tgt 2: 116.50 (Weekly)
Tgt 3: 122.50 (Weekly)
SL: 108 (Closing Basis)
Market is all about OPPORTUNITY / ENTRY / TIMING !!!!!
Basis some minute observations, chart...
Gail India is attempting breakout on weekly chart. For weekly breakout confirmation we need a weekly close above the resistance line, fallowed by further buying. Keep watch
Gail @ 111.50 as of 22/07-2023.
The monthly close on this month is very important for GAIL because the price never closed above 110 on the monthly time frame since June 2019.
It has been in a long-term downward trend. There was Head & Shoulder on the monthly time frame formed between 2017-19, followed by a major correction of around 50-60%.
Must add in your...
