GAIL is making a beautiful triangle with less white space and being compressed from both sides. This Coil when busted may give good trading opportunity. Please watch it and take advantage of it. Good Luck
It is been observed on daily chart that the price action is trending up in a channel and now it is breaking out from the previous support levels of 418 and dipping down towards the next strong support levels of 408-405. The sellers are in dominance over price action and it shall now dip and correct further down.
Gail can give a long breakout above 437.30 for the upside level @ 442/445 if do not break 434.20 on downside.
Gail India Ltd. trading in bullish phase also confirmed breakout the wedge pattern and bullish flag pattern. it is technically looking strong enough and may go further upward with a target of 500.00 in near term. traders may go long on this stock, enter long slightly at lower price as if market open in red it may retest the previous level 440.00 or further may go...
GAIL after witnessing a break out last month from a long term resistance line, had witnessed a sharp upmove and has not retraced to those breakout levels. One could use this level as a stop loss and initiate longs with 487 target and stop loss @ Rs 412 on a closing basis.
Gail after witnessing a break out from a long term channel, saw an upmove but has reversed to key support areas, both on the pitchfork and the long term channel breakout. Target for this stock is @ Rs 487 and stop loss @ Rs 412.
GAIL CLOSE ABOVE ITS FIB 50 LEVEL AM WAITING PRICE TO RETEST FIB 50 LEVEL FOR LONG ENTRY. ENTRY STOP LOSS AND TARGET GIVEN ON CHART. REGARDS KING999
It is been observed that the price action breaks out from a channel on hourly chart indication buyers pressure. It is another consecutive positive breakouts after previous desending triangle breakout Now, the price action is bullish and it shall further move to 430 levels.
GAIL INDIA GIVEN FRESH BREAKOUT AT 420 NOW BUY STOCK NEAR 420 IN CASH STOP LOSS 414 TARGET 426-431-436 OR BUY GAIL FUTURE AT 424-422 STOP LOSS 416 TARGET 430-435-440
GAIL may show some correction as result of end of wave E i suggest an short in Gail at this level with Sl of 420 and the 2-3 days target of 400.00
Short term uptrend once breakout confirmed
Short Term down trend expected