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Gail India Ltd.

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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)
NSE:GAILLong
by Robert_Oppenheimer
12
GAIL ready to explode, Swing Trading IdeasSIMPLE PRICE ACTION IDEA GAIL has been following clear trends since December' 2020. 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 short term Structure (T3) and Daily Close Candle above 157 (R1) can yield targets of 170+ (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
NSE:GAIL
by thepageabhi
2
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
NSE:GAIL
by thepageabhi
4
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
NSE:GAILLong
by thepageabhi
4
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.
NSE:GAILLong
by Trabot_Solutions
15
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!
NSE:GAILLong
by PocketMoneyTrader
19
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!
NSE:GAILLong
by UnknownUnicorn21160479
6