GAIL ready to explode, Long position for Swing TradersSIMPLE PRICE ACTION IDEA
GAIL has been following clear trends since December' 2020. (b/w T1 and T2)
Recently, very positive earnings were released. Massive buy volume to be expected.
Price recently took support on 100 MA cluster on daily TF. . On smaller TFs, bullish divergence can be viewed on RSI as well.
After a long consolidation since June'21, the stock looks ready for upside move. Increase in average trading volumes can be seen.
Break of structure (T3) and Daily Close Candle above 157 (R1) can yield targets of 170+ (upto R2) (Target 1)
If the weekly resistance line (T2) is respected targets of 200+ are possible (Target 2)
Estimated time for price to reach target is mentioned in the charts.
I'm a beginner here. Would love to hear all suggestions and feedbacks if anyone has any. <3
GAILF trade ideas
GAIL ready to explodeSIMPLE PRICE ACTION IDEA
GAIL has been following clear trends since.
Recently, very positive earnings were released. Massive upside potential
Price recently took support on 100 MA cluster on daily TF. . On smaller TFs, bullish divergence can be viewed on RSI as well.
Daily Close Candle above 157 can yield targets of 170+ (Target 1)
If the weekly resistance line (marked above) is respected targets of 200+ are possible (Target 2)
Estimated time for price to reach target is mentioned in the charts.
I'm a beginner here. Would love to hear all suggestions and feedbacks if anyone has any. <3
FY21-22 Swing Trade Idea #178: Long on GAILThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Gail India LTD in the range-bound pattern. Gail India LTD in the range-bound pattern.
1. As the resistance and support are respected by Gail.
2. The double bottom and double top are respected.
3. Taken the support and resistance 4-5 times.
4. Ready for a breakout at 190 or might take resistance at 190.
Target 1: 170. (Within 15-20 days)
Target 2: 190. (Within 25-35 days)
Target 3: 210. (Once breakout happen with a big green candle at 190)
Stoploss: 135.
Happy trading!
Gail- 166.75Gail - 166.75. It is on verge of break out. If it closes above 168.5 then break out is confirmed. If breakout happens then it can go up to 168.5+31.5= 200. Depth of the cup is 31.5, top of the cup is 168.5. This is for educational purpose and investment shall be one in consultation with financial adviser.
Long in GAILThis scrip is in an uptrend since covid crash and it's consistently making HH and HL. This scrip is now bounced back from the major support zone, so the bullish momentum may continue in coming weeks. I do expect this scrip to reach new ATH and by analysing it technically it has the the potential too.
Perfect Swing Setup based on Volume Profile : GAILSo first of all lets understand Volume Profile . Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels and now lets discuss another term POC (Point of Control) that is the price level for the time period with the highest traded volume that has utmost importance so here GAIL had a breakout, breaking the range formed by Volume Profile . Price did correct a bit calling for a retest and today formed a big pin bar / hammer candle showing huge price rejection from sellers and buyers win here. Keeping POC as SL and achievable targets of previous resistance on the charts we are ready to bounce towards our targets. Hammer is of course a very crucial candle in this setup. Also if you go to bigger TFs you may even notice a very supportive trendline.
To sum up, Entry at 150 levels keeping SL at POC and respective targets give us a perfect swing setup that can be achieved within 1-2 weeks if the overall market sentiment remains bullish . Happy Trading!
Gail, beautifully in sync a thing which struck me about this scrip was how beautifully in sync the higher and lower timeframe pitchforks are. Moving as one.
The scrip formed a bullish harami/doji right on the lower parallel line with a long lower tail. So the recent correction maybe over?
Next couple of days should be interesting.Will keep an eye 👀
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
GAIL - Running in CUP and HandleHi Traders,
Again cup and handle has been formed perfectly here, like the same way we have observed in Jindal stainless and Coal India (refer my previous idea shared).
We just need to wait for the breakout to happen. Once we get this stock over and above the neck line we can take entry and sit tight to explore long rally. Or we can take entry after retracement over the neck line.
Note - It is a weekly chart so it might take little longer to reach its target after breakout. In my opinion we can expect 2 months. 8 weekly candle is enough.
Thanks,
Sagar