GAILF trade ideas
GAIL - Cup & Handle BO Technical Observations:
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
NSE:GAIL
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
Happy Investing, Stay Safe & Protect Your Capital
GAIL* Multiple inside bar candle on weekly chart. Breakout still awaited.
* It looks Gail can give a breakout of inside bar candle on higher side which is 100.
* One can take entry at CMP and add more if gives a breakout above 100 for a target of 115 to 120 in short term.
* PSU stock are already on rally.
* Fundamental also looks good : PE < 5.5, Book Value - 100 and good ROCE - 23
* One can consider it for long term taking future growth in the industry into account and also give gives handsome Dividend.
Gail: Triangle Breakout Gail India
Return potential - 8-10% / 15-16.5%
Risk: 3-6%
Risk::Reward ratio is 1::3 / 1::2.5
- Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!!
Do let me know if you find the analysis and insights helpful.
Like and Follow for more ideas like these...!!!
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be