GAILF trade ideas
TRIANGLE BREAKOUT...IF GAIL CLOSE ABOVE 138 THEN OPEN FOR
FIRST TARGET @ 151
SECOND TARGET @ 158
STOPLOSS @127.5
GAIL Long @ Rs. 126 NSE:GAIL Long @ Rs. 126
Entry 126
Target 139.9
SL 121.9
Hold for one week. Expected Gain 139.9-126 = 13.9 / 126 = 11.03 %
GAIL Weekly Sell Pullback Failure !? Whether it will continue ? After making a High of 150 in th eprevious month . #GAIL is gain back to 119-123 levels . This level coincides with 38.2% retracement of previous swing (72-200) . It will be interesting to see whether #GAIL holds the level and fails SELL Pullback . NSE:GAIL
Consolidating, grand EW waves completion is yet not confirmedIf the stock manages to close above 128.40 in short term and remains bullish, then the next target will be 146.25. However if the stock somehow closes below 119.50, then the stock may see a low level of 101 in intermediate term. If the consolidation continues around the present level, the stock may come out of bearish shadow by mid-February'20
GAIL is on Monthly support upward channel.On looking the chart of GAIL , we found that the stock is just trading on its Monthly uptrend support channel and traders may wait for a either side breakout with volumes.
