Gail Breakout - Go LongNice Breakout of and Resistance & Trendline
(Running since 2018)
CMP 150 & Looks good for 190 ++
Gail India Ltd.
No trades
Trade ideas
GAIL New swing high Expected.Al l observations on chart.
Above 149.45 it will make a new swing high, closing above 149.45 will trigger more up move.
GAIL | At an Important JunctureGAIL | At an Important Juncture
Reversed from trend line resistance
Closed near 125 (Cube of 5) on 29/01/2021
Price is near support zone of upper channel around 125
14 period RSI at an important level (RSI = 60)
Supports: 123 / 119 / 116 / 111 / 106 / 101 / 98
Resistances: 127 / 133 / 139 / 144 / 149
High Enough For Gail (Time to Retreat)Gail is holding below 145 level which turns out to be a fake breakout (Incident).
Indicating that we are about to form a Range and
GAIL will fall back to 128 level towards the 4th touch of the range.
This view is my personal opinion about Gail.
Do your own due diligence :D
View will negate if holds above 145..
Gail india to take long entryBuy at the BO level of 150 for the first target 180 & second target 195 with the SL of 122. This is 1: 3 risk to reward ratio. All levels are marked in the charts. This is for your educational purpose only.
GAIL: 👀1.5Yr Inv H&S + Resistance of 2010 BO + 2.5Yr TL! 🚀Truly a king of multiple patterns at the same time! 👑. Go to weekly/monthly chart and see the same for more clarity as the patterns are too long to fit. 👇🏻 See the attached screenshot.
Watch for a breakout or swing opportunityWatch for a breakout or swing opportunity in GAIL. if it breaks the support then the price may fall more. The chance is more to bounce back please keep on an eye on it.
[Positional] Gail Bear Flag SetupNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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gail india for swing tradersgail india is on a uptrend make an entry for either 13% or 25% swing trade...
