GAILF trade ideas
Gail is our stock of the weekGail has made a ABCD pattern on the chart and it has retested the previous high around 150 Levels and bounced from that level and 15 level is also its 21 day moving avg level
One can go long around CMP 152 with SL @ 136 (78.6% retracement level for the recent up move)
RSI Indicator bouncing from 50 level also suggesting buying at dips.
[ INTRADAY ] GAIL LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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GAIL India Ltd.Sector: Oil Drilling And ExplorationGAIL (India) Ltd is India`s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
CMP: 144.30
Gail India has 51% promotor holding and good rally can be seen in coming Days.
Gail India has completed its 4th corrective wave, where Side wave trend is the last leg of correction. and also given breakout.
The traders can expect the following targets 146-153-158-179+ for impulsive wave.
Trader can follow dip to buy and five time investment strategy.
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SWING TRADE - GAIL INDIA LTD (NSE : GAIL) - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:GAIL
Risk : Reward - 1:2
Entry - 136.00
Stop Loss - 129.80
Target - 148.50
This is for Educational Purpose only, apply your prudence & consult your adviser before investing.
#nse #swingtrade #nifty #gail