GAILF trade ideas
GAIL have good support, expecting the GAS move UPGAIL have taken multiple supports in the marked Trend Line.
RSI is around 36, which can be be considered as "Over Sold Zone".
Considering the support and the "Over Sold Zone", I am expecting the GAS would move High.
GAIL is also a fundamentally good Stock,
In Tickertape : 79% Analysts have suggested that investors can buy this stock
So considering the above points, you can hold for long term as well.
GAIL - Reversal of the price to go up - 17jul22.As per the current chart of GAIL India LTD, the trendline shows a little bit of reversal of the price going up.
entry@142
stoploss@137.5
target1@147
target2@151
target3@159.5
Note: This is only for educational and learning purposes. Trade at your own risk.
Simple Trade Setup | GAIL | 06-06-2022 [INTRADAY]NSE:GAIL
Observations:
1) On 15min TF we can see there is resistance channel. this resistance channel has been tested so many times.
Please refer below chart : 15min time frame.
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Trade Setup for 06-06-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Gail Technical Analysis Hello Guys , Today I Have The Technical Chart of GAIL it has breaked the head and shoulders today but now I think it can go down to the Targets shown as it has Breaked here and ready for go on a Bear Trend and now lets talk about the targets . So its target could be 124 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 Day
Patterns Name :- Head and Shoulders
Symbol Name :- GAIL
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
GAIL INDIA LTD: POSTIVE TREND NSE:GAIL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 170.35
Target 1: 162.45
Stop Loss: 151.10
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
GAIL INDIA SWING TRADEHello gail india short term swing trade buy above: 156 target: 170 stoploss: 153.
LOGIC BEHIND TRADE: Stock has formed W pattern on 4 hr chart & given breakout of dynamic & static resistance, breakout buying strategu (Target identified from harmonic xabcd pattern level 1.414) stoploss is taken low of resistance candle. NSE:GAIL
EWT - Gail is Going To Break 2021's High
Gail India has completed its 4th corrective wave, where wave C is the last leg of correction.
Price took 27 weeks to complete the corrective wave ((4)).
After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high .
The traders can expect the following targets 149-156-170+ for impulsive wave ((5)).
Invalidation point is low of wave ((4)) at 125.20.
Wave Formations:
Wave ((1)) started to form an extreme low at 65.
- Leading diagonal
Wave ((2)) has retraced 0.618% of wave ((1)).
- Zigzag correction
Wave ((3)) has extended 2.618% of wave ((1)).
- Five wave impulse
Wave ((4)) has retraced 0.5% of wave ((3))
- Extended wave 5
GAIL : Leading DiagonalTRADING STRATEGY: Sell on rise keeping SL of 174 and look for the target of 145 zone in coming trading sessions
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal beagan.