GAILF trade ideas
GAIL tecnical analysis1) Gail company chart making an ascending triangle . Asending triangle mean the candle make same top level higher side and making lower high .if the candle breake same top level then we can see good move in uper side .
2) accordimg to fibonacci retracement level if candle brack 97 and cut trand line then we can see next up move on point 90 because maket move in 90-106 range from 1 june .
Simple Price Retest SetupIn GAIL I posted a trade setup which is almost same as Dabur of today's.
This is the logic behind the price action theory,
1>The Push Face
2>The Exhaustion Face
3>Retest
4>Continuation
Happy Trading :)
Can U ever anticipate the price reversal from that area?I have drawn the trendline when it was broken I went short
Black rectangle was the target area!
Today when price came and touched the trendline it reversed and I did a nice bit of scalping.
May be I can get an entry somewhere again later
Its just because I use THE PRICE ACTION
Gail - Short termGail looking for at least 10% upward move.will get resistance 105-106...Targets on chart...
Gail channel patternGail channel pattern ,its taking good support of 50 SMA, and have the potential to move exponentially in the breakout direction
GAIL - NARROW RANGE#GAIL
BUY ABOVE 101.85
SL 200EMA
TGT 102.9/ 103.9/ 105.05
SELL BELOW 400EMA
SL 100EMA
TGT 98.30/ 96.9/ 95.9
Took support to cross 105 where we can take the trade.Price rejecting at 105 many times as shown in pic. Now price took support from the trend line and it is super bullish. This time it will break the 105 level and breaks through easily
GAIL TREND ANALYSISGail is following a trend and it broke an year old resistance line. Support and resistance lines are drawn so place your trades accordingly. Well in weekly charts it has formed hanging man candlestick pattern which in uptrend is a reversal pattern.
Intraday Trade :- GAILIntraday Trade Setup..
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GAIL is in downtrend and following trendline..
..Support 102.15
Analysis ( Buy/Sell levels) mentioned on chart....
Comment your views.....
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**** BUY/SELL only if first 15min candle closes above or below given levels.
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Thank you,
Vishwajeet Sharma
GAIL - Build up near resistanceNote: This is for educational purpose only.
There is a build up near resistance in GAIL. Moreover, there is ascending triangle with RSI above 60. Seems bullish momentum.
GAIL INDIA LTD. - Symmetrical Triangle PatternGAIL INDIA LTD.
#GAIL has formed a descending triangle pattern in 30mins within a larger symmetrical triangle pattern. Prices faced strong Support from the trendline and bounce back up.
RSI is at 50-level and is moving sideways.
TT2 trend is Bearish in 30mins.
Once the price gives a breakout from the Descending triangle, the next resistance is the upper trendline and then 107. Support is lower trendline and then 103.15.
If the lower trendline is broken with Volume and Conviction, the next Support is 102.4/101.5/100.65 and the resistance is the lower trendline.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
GAIL INDIA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
GAIL INDIA LTD. - BREAKOUT??GAIL INDIA LTD.
#GAIL tested the 103 resistance level twice today and closed below it.
RSI is in BULLISH Zone.
TT2 15mins trend is BULLISH.
If the price breaks 103.5 price point, the next resistance is 104.5/105 on the 15mins chart.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
GAILI reviewed this in May when the price was 88 and we were on the same channel where we are today. Since the channel is in a small range channel, it might be useful to enter near the boundaries to minimize risk.
