GAIL trade ideas
#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 Break out and retesting done ready for big moveGail has broken out of 2-year range few weeks ago. Now it has re -tested that level this week. Buy only when daily candle closes above 20- day sma will give a high probability! entry. Always enter on day end if daily candle closes above 20 sma golden nugget.
GAIL (India) LtdBUY - FOR LONG TERM
SL - 85 or Trendline support
Market Cap
₹ 76,534 Cr.
Stock P/E
13.7
Book Value
₹ 98.8
Dividend Yield
3.44 %
ROCE
9.77 %
ROE
8.67 %
Face Value
₹ 10.0
Promoter holding
51.9 %
EPS last year
₹ 8.54
EPS latest quarter
₹ 0.96
Debt
₹ 17,816 Cr.
Pledged percentage
0.00 %
Net CF
₹ -1,463 Cr.
Price to Cash Flow
23.9
Free Cash Flow
₹ -5,548 Cr.
Debt to equity
0.27
OPM last year
5.13 %
OPM 5Year
11.0 %
Reserves
₹ 58,352 Cr.
Price to book value
1.18
Int Coverage
20.8
PEG Ratio
4.46
Weekly Breakout GAIL (India) LimitedI am presenting a long trading opportunity on GAIL (India) Limited (NSE: GAIL) due to the emerging bullish momentum on the daily chart.
Technical Analysis:
Bullish Divergence: The recent price action on GAIL's daily chart shows a bullish divergence between the price and the Relative Strength Index (RSI). This suggests a potential reversal in the downtrend and the possibility of an upcoming bullish move.
Support at Key Levels: GAIL has found support around the 220-230 levels multiple times in the past. The stock is currently consolidating near this crucial support zone, indicating that buyers may step in at these levels.
Moving Averages: The 50-day moving average (MA) is about to cross above the 200-day MA, forming a bullish golden cross. This often signals a change in trend and the start of a potential uptrend.
Volume Surge: A notable increase in volume is observed during the recent consolidation phase, indicating increased interest from buyers at current price levels.
GAIL - Bullish Consolidation with VolumesNSE: GAIL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade