RECEIVED 10% FROM GAIL OR NOT?????GAIL has given descending triangle pattern breakout in the form of channel as shown in chart and achieved first target of 10% now our target T2.
gail having momentum and getting positive in few weeks and having golden cross over in few days we can see in chart. 50ema trading below 200ema it will cross soon.
GAILF trade ideas
Gail waiting for a break out on higher time frame.Gail on the weekly time frame has closed above both the moving averages but is near a resistance.
The stock even on the daily time frame has crossed the 200 ema and closed above it.
The stock has also given a break out of the consolidation box.
3 point confirmation.
1. High volume box break out.
2. Closed above 20 and 200 ema on weekly time frame.
3. Closed above 200 ema on daily time frame.
The stock has closed near a resistance level and if the levels is crossed the stock can reach 3-digit levels soon.
Let the stock to close above 93.5 level and create intraday and swing positions only when the level is tested.
Target :- 98.5, 101.90
Stop loss :- close below 200 ema (daily time frame).
Wait for the price action near the levels before entering the trade.
GAIL INDIA LTD (SIDEWAYS SWING TRADE)#Stock : #Gail India Ltd
#Chart Time Frame: #Daily
#Structure : #Multiple Supports / #Demand Zone / #Sideways
On #Daily Time Frame the Stock is on #Sideways since Jan 2021 till date and bouncing back from its #Demand Zone of 85 levels and looks good for #Swing Trade for short to medium term up to its #Resistance level of 113 - 115 levels which will be a good reward of 10% to 25% returns from its current level of 90
So stock looks good for long as per the levels mentioned below:
CMP - 90.05 or BoD 86
Target 1 - 99
Target 2 - 105
Target 3 - 110 +
SL - 82.50
Holding Time Frame - Short to Medium Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE
Breaking out from downtrendBreaking out from a 6 month downward channel with good volumes in both daily and weekly timeframe. RSI is breaking out in-sync with price about to breach 50EMA. Will it touch 3 digits within Nov Expiry ? There is a high probability of it happening if not in Nov, it can happen before 2023.
GAIL Potential TrendGAIL seems to have done a Daily breakout after a long downtrend.
The weekly and monthly chart also seem promising on pivotal support levels
But the level is crucial as still, we are in a zone of uncertainty with respect to nifty.
Either ways, with crude and natural gas bullish, GAIL seems long.
But, being at a crucial support, market collapse could lead to a breakdown as well. Lets see how it goes.