GAIL GAIL is in good support area and gave a breakout of W pattern with good volume. One can go long in Gail.
\\ this is only for educational purpose \\
GAIL trade ideas
swing trade Gail Ind Gail ind after long time supporting trend line but now trendline breakout and W pattern breakout
Buy above 90
Targets 94\98\100
SL- Below 86
Breaking out from downtrendBreaking out from a 6 month downward channel with good volumes in both daily and weekly timeframe. RSI is breaking out in-sync with price about to breach 50EMA. Will it touch 3 digits within Nov Expiry ? There is a high probability of it happening if not in Nov, it can happen before 2023.
GAIL - BULLISH BREAKOUT GIVENNSE:GAIL
BULLISH symmetric triangle pattern breakout given
Buy with SL - 85
Accumulation zone - 87-90
Target - 93, 97
GAIL Potential TrendGAIL seems to have done a Daily breakout after a long downtrend.
The weekly and monthly chart also seem promising on pivotal support levels
But the level is crucial as still, we are in a zone of uncertainty with respect to nifty.
Either ways, with crude and natural gas bullish, GAIL seems long.
But, being at a crucial support, market collapse could lead to a breakdown as well. Lets see how it goes.
GAIL at crucial levelIn the daily time frame we can see GAIL is taking resistance from a trendline, and also GAIL is near a major support zone, so if it can take support there and goes up to break the trendline then we can see a short term bullishness in GAIL.
GAILNSE:GAIL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Gail Buy @90A very good buy around 90
Target 93-95-97
SL 82
may go 100-102 but be careful, there is very strong resistance at those level 👍
Gail forecast using supply demand and support resistance areasNSE:GAIL showing possibility of triangle pattern breakout/breakdown on weekly/daily timeframe, keep close eye on it.
DON'T BUY GAILi dont know why many people are after gail, coz its penny stock may be.
what i can see from my analysis, its going towards 79 level.
i would like to stay away from this penny stock.
GAIL (Quality Portfolio Stock)👍Chart at multiple support. Favourable R:R
👍Favourable Dividend Yield
👍Book value is more than CMP.
Entry- CMP
SL -78
Target - 100+ or 20%
Time Horizon - 6 to 12 Months.
Gail at perfect supportthis support region was stable for many months, looking forward for good move, after it breaks the resistance line creating a triangle pattern, lets see how it turns out!!
GAIL: Head and shoulder THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
May 29
TRADING STRATEGY: GO SHORT WITH SL OF 99 & LOOK FOR THE TARGET OF 73/63 IN THE COMING WEEKS.
NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 99 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
Short Gail for the targets of 84 and 78Gail is at the support and
Bollinger Bands are squeezed and the breakdown of the lower band.
Macd is Bearish Crossover
RSI is below 40
So short near the close of the candle for the targets of 84 and 78.
Bullish Harami on gail indiaafter making W pattern on daily timeframe. on retesting its level it made bullish harami pattern at the end of retracement.
anyone want to go bullish can view my suggestion.
Buy 91
SP: 89
Target 100
bullish harami is bullish pattern.
Gail India Ltd Swing trade ViewHi everyone,
This is the Daily chart of Gail.
If Nifty Stops falling This can be a good entry
The price is consolidating in a range (Sideways) .
The price is forming a Head and Shoulder Pattern withing the range.(possible for Bearish).
Risky but good reward trade for swing:
Entry:
Above 123 (candle close in Daily chart)
Reason for entry :
Price is at supports,
Bullish Engulfing at support.
Stoploss
Below 125 (support zone)
Targets :
150,
170
Wait for price to reach supportAs you can see on the chart, the price is near 2 resistance lines. Sop the price is gonna drop.
So wait and keep monitoring this stock price to reach resistance level (Green Line) and then Buy.
Hold it till it reaches resistance again and then sell off and book profits.
This is just for swing trade and not for investment.
GAIL as on 27 Aug 2022GAIL took support at 128
Triple bottom made on daily chart
Volume is increasing on daily chart
Major resistance near 170
Buy near 130-131
SL 123
Tgt 150-163-170
This is only for educational purpose. Please analyse yourself and consult your financial advisor before taking a position.
Gail : hourly chart movement The stock price have formed W( double bottom) pattern of hourly chart, if it breaks recent swing high,
It's highly likely that price will shoot up to 140 rupees level.
(It might do false break out, so have patience and trade with it )
Kindly do you own analysis before entering in trade.
GAIL Good support 124 rsgail could not break its support 124 strong support since Corona Kaal. Bull candle formed near the support good movement for upside
