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!
Gailview
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!