GAILF trade ideas
GAIL - 60 Gail Broken Trendline in hourly. RSI Divergence seen. If closed below 356 then 353 - 350 can be attained. Stop loss 360.
SELLERS ARE MORE ACTIVE ...JOIN WITH THEM SHORT @ HIGHSELLERS CREATE A WICK FOR DISTRIBUTION....RIGHT PLACE TO ENTER POISTIONAL SELL... NSE:GAIL
Long in Gail India if it crosses above 365Gail is near around a major resistance near 365 which is also a neckline of an inverse H&S pattern.
Buy above 365 if it breaks with good volume.
Target : 400+
SL : 355
GAIL India Limited: Pennant BreakoutGail India has been consolidating from an uptrend for more about 10 months now forming a pennant.
This Pennant has been broken last week. Its certainly worth checking the breakout is sustainable and then join the LONG ride!
GAIL - NEAR RESISTANCEGAIL SHARE PRICE IS AT RESISTANCE LEVEL OF 365.
LOOKING INTO THE MONEY FLOW CHART, IT APPEARS THAT THERE COULD BE PROFIT BOOKING AT THESE LEVELS.
THE SHARE PRICE MAY COME UP TO 347 (STOP LOSS 366).
IF A STRONG CLOSING ABOVE 365 HAPPENS, THEN THE NEXT TARGET IS 379.
(FOR DIRECTION PLEASE SEE THE CRUDE & GAS PRICES).
Long Continuation ( Some what in Fish Market)This scrip is in Fish market , its moving in so back & forth that no person can earn decently ,
if he or she puts the stop on daily low ,
One who is having patience can look to ride this move ,
we are just posting this as we are not interested in this scrip anymore
Bearish Butterfly GailBearish Butterfly Gail
Prz - 364.80 - 367.40
Sl - 370
Target 1 - 358
Target 2 - 353
GAIL TRADING NEAR VALUE AREAA STRONG CLOSE ABOVE CURRENT ZONE MIGHT TAKE THE STOCK TOWARDS 390/415
stock is inside a trading range for almost 2 yrs
GAIL - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of GAIL INDIA. BUY 320-322. Strong support at 320.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
Gail looks good for shortGail is creating a falling wedge pattern after breakout of channel resistance. Looks like it can test its wedge support line @225.6 and if it will break then 223-221 possible also.
Bullish Gartley - GAIL - 4h Bullish Gartley - GAIL - 4h
PRZ: 333-337
SL: 331
TGT: 343, 346
08-05-2019
Expiry Strategy: Sell 370 Call May @3.3 & Buy 380 Call May @ 1.7Trend is continued to be in consolidation phase between 310 and 400 levels. It wanders around 200 day EMA while MACD signals negative bias by staying below zero line. Expect it to stay below nearby resistance level of 370 till this expiry. As election result is on due, would like to adopt spread strategy. Lot size: 2667.
GAIlGail - 4 hr TF
Downward price channel movement. But within the channel currently moving up. Targets short term in green.
SL in red.
Need to revisit this chart as 50 ema and 200 ema are 2 rs above cmp.
So will see on Monday what happens
