On the weekly timeframe, Gail is forming a rectangle pattern. If it breaks upward then it will be bullish rectangle or bullish continuation pattern.
So, we can expect an upward move of at least 140 - 150 price level and on the daily timeframe, a small rectangle pattern can be seen between price points of 108 - 112.
23 and 24 Feb, had broken resistance of Rs100 with bigger volume and made top of 113 Rs.
On 17th May it tries to break 113 resistance bur it was failed attempt. After that day it had consolidated b/w 110 and 104, till 6th July and on 6th July it managed to close above 110.
In this consolidation period it had formed flag like pattern and widge pattern.
On 7th...
Gail India Chart Analysis for Trading and Investing
Keep Eye on Stock Near Breakout
Gail India is near small resistance if Breakout will Succesful then Targets are
First Target is 120
Second Target is 130
For Any Stock Chart Analysis Msg me , I will Try my Best , Thank you .
Gail has been trading in a range for almost 4 months and in a smaller range for 40 days. Its trading around the support zone of 102-104.
The stock has consolidated very well and can give either side break. Though on the daily time frame, the stock is trading between both the moving averages and is taking support from the zone forming dragon fly doji near it.
It...
1) It had formed symmetrical pattern and 3 cup pattern from February 2021 till date.
2) Last few weeks buyer are not letting price to go down below 101.
3) Strong uptrend in upcoming weeks.
4) Stop loss --101 and Target --115, 120, 130
Iam not SEBI Registered. This is for educational purpose.
Gail is in such no clear indication as per chart but any side BO /BD will give solid movement in short time. So should try when ever giving movement in any direction with trend.
Gail is at resistance levels from which it has taken multiple rejections and is again approaching the level of 112 with volume increase. it is also creating a cup and handle pattern at these levels and can also be considered a range break out above 113.
if results are good (result date 18/5/23) and stock manages to close above 114, then target will be 123 and...
Chart -> GAIL Weekly
Looks like everything is cooked and ready to blast.
In daily and weekly both charts show symmetrical triangle breakout.
CMP: 111
Target: 121, 130
SL: 102 weekly close
Above 130 new and crazy targets will be there.
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please...
GAIL tried to give it's trendline breakout a few months back but failed and retraced.
It's again trying to give a breakout and has given a good closing today.
It has made a cup and handle pattern.
Buy above 113 level and carry on day closing basis for positional targets of 115, 117, 119 and 121.
Learn & Earn,
Dr. Tanya Kumar
Attached: GAIL Daily Chart as of 26th April 2023
Call it VCP or Cup & Handle or Inverted Head & Shoulders Pattern
Clear Accumulation on a Low Volume Sell Off
Makes GAIL a New 52 Week High Candidate for May Series
GAIL in the past couple of sessions, made multiple attempts to kick out the resistance zone of 105-110
it failed
will it be successful now? and make a move towards 140?
