GAIL Gail @ 111.50 as of 22/07-2023.
The monthly close on this month is very important for GAIL because the price never closed above 110 on the monthly time frame since June 2019.
It has been in a long-term downward trend. There was Head & Shoulder on the monthly time frame formed between 2017-19, followed by a major correction of around 50-60%.
Must add in your long-term holding, I'm expecting an upside of at least 40-50% in 2 years.
BUY and forget with an SL of 95
GAILF trade ideas
Gail forming rectangle patternOn the weekly timeframe, Gail is forming a rectangle pattern. If it breaks upward then it will be bullish rectangle or bullish continuation pattern.
So, we can expect an upward move of at least 140 - 150 price level and on the daily timeframe, a small rectangle pattern can be seen between price points of 108 - 112.
GAIL FLAG AND WIDGE PATTERN23 and 24 Feb, had broken resistance of Rs100 with bigger volume and made top of 113 Rs.
On 17th May it tries to break 113 resistance bur it was failed attempt. After that day it had consolidated b/w 110 and 104, till 6th July and on 6th July it managed to close above 110.
In this consolidation period it had formed flag like pattern and widge pattern.
On 7th and 8th July if had traded above widge pattern.
Price is above 20 day EMA is above 50 DEMA which is bullish
MacD is above 0 line and given buy signal.
Conclusion
Buy for target Rs. 130 . i.e 15%.
Gail India Ltd Confirm Targets 2023 Gail India Chart Analysis for Trading and Investing
Keep Eye on Stock Near Breakout
Gail India is near small resistance if Breakout will Succesful then Targets are
First Target is 120
Second Target is 130
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Gail waiting for a great move 27/06/23.Gail has been trading in a range for almost 4 months and in a smaller range for 40 days. Its trading around the support zone of 102-104.
The stock has consolidated very well and can give either side break. Though on the daily time frame, the stock is trading between both the moving averages and is taking support from the zone forming dragon fly doji near it.
It has formed an inside candle and on the hourly chart, there is a bearish moving averages cross over.
Fundamental too the stock looks good and will give nice returns in coming years. The dividend yeild of the stock is also better.
Target (bullish) :- 108.2, 112
Stop loss :- 102.5
Enter after seeing the price action. If stock price starts trading above the previous day high long positions can be created and accumulation of long term can also be done at the current price levels.
Wait for the price action near the levels before entering the trade.
GAIL India ltd 1) It had formed symmetrical pattern and 3 cup pattern from February 2021 till date.
2) Last few weeks buyer are not letting price to go down below 101.
3) Strong uptrend in upcoming weeks.
4) Stop loss --101 and Target --115, 120, 130
Iam not SEBI Registered. This is for educational purpose.
Gail- lookout stock for break outGail is at resistance levels from which it has taken multiple rejections and is again approaching the level of 112 with volume increase. it is also creating a cup and handle pattern at these levels and can also be considered a range break out above 113.
if results are good (result date 18/5/23) and stock manages to close above 114, then target will be 123 and then 133 (previous ATH) and then 146 as per Fib levels). position can be considered with sl at 111. R/R seems favourable.
Adding to my watch list
This is my impression of the stock and not a trading recommendation
Ready to blast!Chart -> GAIL Weekly
Looks like everything is cooked and ready to blast.
In daily and weekly both charts show symmetrical triangle breakout.
CMP: 111
Target: 121, 130
SL: 102 weekly close
Above 130 new and crazy targets will be there.
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Watchout for 6-year-old trendline breakoutGAIL tried to give it's trendline breakout a few months back but failed and retraced.
It's again trying to give a breakout and has given a good closing today.
It has made a cup and handle pattern.
Buy above 113 level and carry on day closing basis for positional targets of 115, 117, 119 and 121.
Learn & Earn,
Dr. Tanya Kumar
GAIL- Relative Strength says BUY!Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023
As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up:
1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up
2) Falling Wedge Breakout (see Wedge Blue lines)........ this is clear with today's Candle
3) Price (Ratio in this case) Moving Up within the confines of a Channel (see Black Channel)
The Upside Target is shown by the Green Arrow Mark Extending
Being a Relative Strength (Ratio Chart) the Signal we get from this says that GAIL is likely to Outperform Nifty 50 in the coming days/ few weeks