broadening wedge pattern forming in GAIL. Strong resistance tested @ 200.85
Support-195 Resistance-200 Level open till-190. Trade with levels and risk management for upcoming days.
Gail could be brought above 205 without any doubts, levels are mentioned in the chart.
NSE:GAIL GAIL mad new ATH by broking previous High. Next target as per Fibonacci 1.618 extension is around 215. Trailing Stop Loss near 190.
Pullback trade, structure is compromised hence high risk RS is strong on both daily and weekly High volume pin bar suggesting temporary selling climax Tgt 196 sl 168.7
Gail Looking good with a positive bias clearly over trend line drwan in the chart with a SL of Rs.180/- .Hold unto Rs.199/-
the stock has formed complex cup with handle pattern and has retested the 114 level the stock can rally to 132 in no time
Breakout chart Good dividend stock Near sentiment resistance level Huge volume building I think it clear 200 level Better participate above 200 level
Going long in Gail. Box breakout Sector is in strong uptrend Pullback to 200 MA (1H) on low volume Targets are big compared to SL Potential risk reward is close to 1:5
GAIl facing resistance at 185 level MACD 12-26 falling favourable RR target and SL marked
Follow the process not Money The Trend is the Best Friend Plan the trade and Trade the Plan Stoploss % are given below the low lines..
Understanding of lower & lower and higher & higher on technical
In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy . I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RSI but whatever they choose to enter a trade they mostly miss the...
Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Rectangle Pattern and How to Use...
Gail has given a nice bullish rally after crossing the previous ATH of 131.5. There has been a 30% bullish rally. It has formed a double top and once it starts trading below 155.80 level it will confirm a "M" pattern too, Today there was a nice sell of in the stock and it closed 5.5% lower with good volumes. Even the RSI indicator is showing a bearish...
Chart analysis: Pattern: Basing pattern is formed and breakout happened in Dec 2023. Breakout: Basing pattern is broke the All Time High (ATH) price after 6 years. Volume: Volume spike is there during BO and the volume is above Moving Average. Target of BO: 223.2 Disclaimer:- Please always do your own analysis or consult with your financial advisor...
GAIL might give a possible intraday trade with a small SL Entry : 166.5- 167 (in between or after sustaining preferable at 166.5 ) Stoploss : 164.5 Target : 168.5, 170, 172+ If there is a Huge gap up or gap down then 👇 Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go I am not...