Stocktowatch
Gail can give good gains.GAIL (INDIA) LTD. is a leading natural gas company with diversified interest across natural gas value chain of trading, transmission, LPG production, petrochemicals and many more. It owns and operates a network around 15,413 km of natural gas pipeline across the country. GAIL commands 70% market share in gas transmission and has a Gas trading share of over 50% in India. GAIL CMP is 105.20.
Negative aspects of the company are declining annual net profits and FIIs are decreasing stake. Positive aspects of the company are low debt, improving cash from operations annual, zero promoter pledge and MFs are increasing stake. Dividend yield of the stock is 4.4% at CMP.
Entry after closing above 107. Targets in the stock will be 109 and 110. Long term target in the stock will be 113.8. Stop loss in the stock should be maintained at closing below 102.
Necklace Pattern Trading - "S Chand & Company"This has been highly dependable stock since last 1 month. When benchmark Index "Nifty" fell by 500 points, this stock was rock solid holding its swing high level & stayed in the range of just 20 points. This is my Necklace Pattern stock it will be interesting to see how story unfolds when it reaches its previous swing highs.
Necklace Pattern Series -"Career Point"This Stock is creating repeated Necklace patterns, i.e. rounded bottom in follow up manner. When such stock tries to reach higher high or tries to defend lower levels repeatedly, it may touch its past glory i.e. its previous Life Time High & explode further.
This chart is for study purpose & not a buy call!