Gail India Ltd.
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Trade ideas
GAIL India, PSU stock at a support zoneTwo scenarios .
1. The stock has made H &S pattern. The pattern must break the historical support and retest the area for confirmation showing bear grip.
2. The area of confluence + Strong Q1 results + positive global sentiments shows bullishness in stock. A rejection long wick candle validates this but the H & S pattern formed may trap investors.
3. Since the inflation is being stable (yet above RBI Std) and global recovery in Gas demand we can expect the stock to move upwards given that GAIL is a fundamentally strong PSU having a very good dividend yield.
4. My view is Long, that the stock has made a insider candle at the area of confluence in DAILY TF, with targets specified in the charts.
5. Safe traders can wait for a good bullish candle breaking prev week high as confirmation in weekly TF for long positions by keeping the weekly low as stop-loss and Vice-versa.
Aggressive traders can enter with a stop loss below the support zone @ 123/119 and go long for targets above 150 and 170 and beyond in long term.
Note:
This idea is purely on observation made by me, this is not a recommendation or a call.
please do your analysis and share your opinion in the comment box below.
Healthy discussion and inputs are welcomed with thanks
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 .






















