Gail - Elliott Wave CountGail - Elliott Wave Count
Gail seems to have completed its correction and started a new upward impulse wave with a target of 150 to 180. However, if the market drops below 110, this view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:GAIL NSE:GAIL1! BSE:GAIL BSE:GAIL1!
Gailanalysis
#GAIL LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of GAIL on NSE
the analysis is as follows
- the price is making clean market structure
- broke past the previous all time high
- now forming a pattern as shown in chart
- if the price takes support from the trendline, then it will breakout pretty good but if it breaks the trendline down then it may take support from the zone mentioned below
dont play with fire, always use a predefined stoploss
GAIL Best Positional up side viewNSE:GAIL is sustained above its major resistance which is 88. As per my analysis, this is the best time to take entry for up side move .
My entry level is 88.60, will hold till target of 98.00
Take Risk of only 5.6 Points (Stop loss: 83).
Note: This is my personal analysis, only for learning.
Thanks.
Raising Channel and Triangle PatternStock Analysis: GAIL has formed raising channel and Triangle pattern it is good buy around marked demand area for conservative entry however it is expected to break the above supply zone and reach the target given on the chart with below demand zone level as stop loss.
Let's see
Happy Investing!
GAIL : Buy Signal Triggered.Strong MACD, StocRSI parameters, and the recent pullback show that if the trend continues for a day or two we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.