GAILF trade ideas
Expecting a Bullish Momentum in GAILAs per the 2 Hour Chart of GAIL, we have witnessed a Formation of a “Bullish Engulfing” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 160.10, 162.45, and 164.65. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 156, on closing basis.
Closing Price (as on 25.04.22) : 158.90
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GAILMakkale GAIL waiting for blast mode but need confirmation though. For a long term investor i dont want to say that because under hydrogen theme this going to benefit most, u didn't bought yet??? ( innuma buy pannama irrukinga)
Am posting this for swing and short term makkale.Kindly do your own analysis and must follow risk reward and money management.
(Hmm PSU'S stocks ellam maja pannitu irrukanga.)
Gail to reach another ALL TIME HIGH.Gail on a weekly time frame has crossed it resistance level and has closed above it.
The stock looks bullish and can make new ATH.
Daily time frame, there is a crossover of the moving averages which give another confirmation of a bullish rally.
Support :- 165, 160
Resitance :- 170, 177
The resistance are taken from the fib levels and previous high.
Wait for the price to retest the support level and if the price respect the support level, trade can be initiated.
GAIL BULLISHBuy Above : 171
Tg : 300 ( Long Term View )
CBSL : 120
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Chart to Consider : Gail India Ltd#gail #longterm
Gail India is finding buyer in the zone of 120-130 for the past one year, seems strong foundation is made by smart money, good stock to consider for levels as mentioned on the chart.
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
GAIL is going to sail wave 5Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5.
Leading Diagonal chart as below
Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190.
Details of entry exits and targets as per charts.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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GAIL (Detailed Analysis)Gail (W):
1. Breakout (with good volumes) and retesting has been done
2. Took support at 61.8 Fibo Levels
3. Also closed above 13 Weeks Exponential Moving Average
Gail (Daily):
1. Symmetrical Triangle Breakout
2. It has also retested its Breakout (Formed a higher low)
3. Also bullish candlesticks patterns like Inverted Hammer and Bullish engulfing has been formed on Retesting levels i.e Trendline Support
Addl Points:
1. FII/FPI have increased holdings from 18.36% to 19.69% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 9.17% to 7.92% in Dec 2021 qtr
Note:
The above analysis is just for educational purpose.