GAILF trade ideas
Gail - Possible trend reversalThe price decreasing and volume decreases. The price is at support. For a long position, the price needs to close above the trend line.
Let me know your views on this.
Disclaimer: Educational purpose only.
GAIL at a buy potential areaGail touches the upper circuit of a pattern and come towards down ,i took that trade , sorry not to inform earlier , now it is at the down circuit ,we can expect a potential buy at that place
GAIL Long Setup GAIL looks good for testing the levels of 103-105 after forming consecutive double bottoms on two separate occasions.
Can buy on pullback to the structure for target approximate height of the range.
GAIL Intraday Shorting IdeaGAIL looks bearish if it is unable to cross 87.55 level as it forms a triangle pattern in higher time frame.
Also,increase in price is not being confirmed by higher volumes.The volume is on decline and RSI suggests that the stock is overbought.One can look for shorting the stock with a minor stop loss. Target 86.10 / 85.50. If it crosses 87.55 levels there could be a breakout and stock can give bullish momentum.
GAIL India Eliote wave analysisGail india on its down trend its in its final phase of completing the eliote wave. In one hour chart after a long 3rd wave there will be 3 wave correction it can touch 112 as per my analysis.
GAIl - Positional Long if breaks the Support of 82.5GAIL has formed a W pattern on Daily TF.
82.5 was monthly support that got broken, and is now acting as resistance. same has been tested more than 4 times on 75m TF.
if 82.5 is broken by a clear Covering Candle on 60m / 75 m TF - Can go long positionaly with 82.0 as SL.
GAIL India Triangle Pattern Breakdown Expect-able NSE:GAIL
Two support levels are given as well as a possible resistance level.
