GAILF trade ideas
GAIL on BreakoutGAIL on Support
Twezzer Bottom
GAIL (India) Ltd. engages in the exploration, production, processing, transmission, distribution, and marketing of natural gas. It operates through the following segments: Transmission Services, Natural Gas Marketing, Petrochemicals, Liquefied Petroleum Gas (LPG) and Other Liquid Hydrocarbons,
intraday as well as swing trade
at daily time frame double bottom formed so we can go for long
at 15 min time frame HnS pattern formed go for long intraday
buy above 130
as we know that 17 dec market fall like water but some stocks are not falling.GAIL is one of them
so we can go buying only for this script
Best Price to buy 145-1541. Best Price between 145-154
2. Stop lose - Weekly Closing below - 139
3. Gail is trading inside a channel
4. Channel Support and 50 EMA Support
5. As per volume profile 145 and 154 has an huge volume so it may act as support/Resistance
Caution : Keep Strict Stop lose Because its looks like double top
GAIL - CUP AND HANDLEGAIL has formed a cup and handle formation in daily chart.
Clear resistance at 145.90 and any breakout from this level shall test again 171 in short term.
Excellent support at 146.90 since it is the 200 DMA.
Please take advice from your SEBI registered advisor before taking any decisions.
Gail Intraday using Camarilla StrategyGail on 24-Nov-2021 opened with gap -up and broke the R4 of the day.
The uptrend continued, however with strong resistance at 143.20 and support at 140.00
Hence the range of the stock is between 143.20 and 140.00. With this strategy if would have done entry at 141 would have got 2 rupees profit with stop loss at 140.
Waves and inverted triangle in GAILThe public sector stocks are always an attractive pick. But with a great technical setup, it can be a good buy choice. The below is the analysis for GAIL India.
1. The trend formed is not exactly a wedge, it is like an inverted triangle. The high points were touched 4 times, thus establishing the upper resistance and rise in trend. Similarly there were higher-lows formation in the support zone. Establishing a bullish pattern.
2. The price movements resemble an Elliot's wave (within the inverted triangle) but then, they have to be tested for retracement but the waves are strong and clear enough. These waves are the price swings over the periods of time. The next upswing is expected to touch 180.
3. There is a gradual decrease in average volume, so an upward breakout is expected. There were similar volume-breakouts previously.
4. From High 3 to High 4 in price movement, we see that the momentum indicator has slowed down, signaling a divergence. And as the MACS divergence pointed, there was a sharp decrease in price. Now the EMA has crossed the signal line, so it can be the time for the next up-move. As, the price is now at the support level.
If the trend and waves keep the move going, we can see a good bullish move up. (PS. This is not an investment advice. Do your own due diligence before investing in any company)