GAIL trade ideas
Bullish on Gail Swing tradingGood upside movement with Head and schouders pattern. In long term view also good stock because of Good in divident. Market leader company.
Can Gail India Ltd move up from 85 to 93 ?As per my interpretation of the chart, Gail India Ltd NSE:GAIL has reached a demand zone and there are chances for it to be pushed up to 93. Please do let me if my undersanding is correct.
GAIL INDIA LTD getting ready for a bull ride?GAIL INDIA LTD has settled up by 4.28 percent at 90.20 paisa on Tuesday. Stock has today broken through a 50 days rectangular consolidation along with MACD developing bullish divergence with a bullish cross. Stochastic is also above its signal line and sloping upward favouring bullish momentum. A tweezer bottom combination is formed near 85.50 that was also near the mid of a bullish trend. Based on structure developed on daily chart one can look for long opportunities in this stock around 88.50-87.50 zones with a stop loss below 85.50 for targeting 98-104 in coming days.
Gail bullish double bottom pattern Double Bottom pattern formed with very high volumes at the end on 5 min chart
Make sure you stay bullish if the market sentiment is bullish
keep checking out the Metal sector every now and then and keep your target likewise
For risk takers you can go bullish and keep a tight stop loss and then a trailing stop loss to book profit
will suggest everyone to ride the trend if possible
GAIL is getting BullishRecent Price action seems to have halted the downtrend. With SL of 4% below current Candle low will go long for 2X as first partial profit target of SL.
GAIL LONGon 15min timeframe gail is forming an ascending triangle pattern, trying to breach level of 84, which is also 0.5 fibo level, it has closed above 84, if it sustains over it then it can go further to test the 0.382 fibo level which is around 85 and even try to test its next resistance around 86.50 in coming session
GAIL seems to be ready to bounce back.NSE:GAIL
If you see daily chart of GAIL will notice in last 4-5 trading sessions it has tested (not a valid test last low was 81.95) its one of major support level of 80.65. And now trying to move up again.
93.45 will going to be bit of hurdle for GAIL. But overall chart looks bullish.
Prefer to plan your entries above 93.45 only SL is of 80.
This view is based on daily chart hence only short term traders/investors do consider this.
third trade for sept expirytrade for next week...
reason....
cci crossing above -100
stock taking support from fib ret level of march fall
heiken ashi resersal
CAUTION...always protect atleast 80% of initial capital
