GAILF trade ideas
Gail technical analysis (28/05/2021)Gail was in a good uptrend on long term.
from 165 it started to correct in a falling wedge pattern took support at 145 (50% of last up swing) and broke out the wedge pattern
it broke out from the wedge and made a high of 155 and again made a small correction till 150(round number+50% of last upswing)
it is making a bullish harami pattern(15min) with huge volume at the latest uptrendline.
If it opens gap up then breaks and close above 155.65 then my next target will be 158 intraday.
155.6-158
If it opens flat and move downwards i would like to see it taking support at 150+major uptrendline for a positional buy for few days.
The structure is changing from sell on rise to buy on dip for short term.
This is purely my personal view trade ; NSE:GAIL at your own risk and reward
GAIL going to hit 170 Again!!!On the Weekly chart, GAIl breaks its resistance and holding its position above 150 Which means it will test again 170 in the near term.
Short-term Target:
165 with stop loss 148
Long term target:
170 with no Stop loss. If any time, the share goes below 148 level, buy on a dip strategy will follow. the time frame 1 year.
Bulls once again.Gail had rallied from 128 to 166 in April & May and then retraced 50%. It has crafted a falling wedge or pole & flag pattern and ready to give a breakout which is considered as a sign of trend reversal and beginning of bull run once again.
A buying position can be initiated with a stop loss below 146.5 and target of around 165.
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Multi year BreakoutAnother Multi Year breakout chart is here. This time its GAIL and its going to break the levels of 13/08/2018 highs of 176.95 and this time its with the volume too. Post 176 it will be going to hit double century with near term of 1 month. Then in the blue sky target is unlimited. PSE's are in demand. Even on the RSI indicator there is triple bottom, forming from July 2019 till October 2020.
Symmetrical triangle BO in Gail.Disclaimer :- This is not any buy or sell recommendation. It is just my personal view on this counter. Kindly consult with your financial or investment advisor before investing. Thank you !
Gail is trying to break their symmetrical triangle pattern. yesterday successfully closed above the triangle. 130 is the support level. This bullish view will be fail if 130 breaks. and upper levels are already mentioned in the chart. Thank You !!😊