Gail India Ltd.
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Trade ideas
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.
GAIL INDIA LTD. (S below 102.5 SL 104.5 TGT 100.5GAIL INDIA LTD. (S below 102.5 SL 104.5 TGT 100.5
#GAIL took resistance from 106 level and has formed a descending triangle pattern in 30 mins charts.
RSI took resistance from 50-level and seems bearish.
TT2 trend is also bearish.
Wait for the prices to give a breakout.breakdown from the triangle pattern.
Once the low 102.5 is broken with Volume, look for a sell opportunity with Intraday SL of 104.5.
The next resistance on 30mins chart is 100.5.
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 - To be on radar.Study:- PCR - very bullish; Long positions being built as observed in OC.
Vol spike observed today. If it crosses 106.5 then it will reach 110 where 200 DEMA resides. 10 L OI at 105 is at risk if it trades above 105. Should sustain above 100.
*This chart is for educational purpose only.






















