GAIL
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.
Long position in GAIL with target of 199This is my personal view on #GAIL for mid-term.
NSE:GAIL
GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company's products and services include natural gas marketing and transmission, petrochemicals, and liquid hydrocarbons production (LPG, propane and naphtha).
Low risk high returns is what I see in this stock.
As we saw huge jump in this stock and recent news on buy back @ 150/share, good growth is expected from this stock to reach to its previous high made in year 2018.
My recommendations to add on dips for target of 199+ in mid-term.
Immediate Resistance is at 160 if it sustain that can reach upto 190 very soon.
Immediate support will be at 137 and if it can't sustain that it can have a short term correction till 127 and ne t support will be at to 110(highly unlikely consideringmarket sentiments)
As shown in Chart my pivot points are 130 as entry point and keep adding till 110 levels with the risk of 15% (100 days MA) and with the Target of 53% as per technical points ploted on weekly chart.
I am holding position from 115 levels.
Please share your view on Gail in comments and thumbs-up and share if you like it
Historical shareholding details for GAIL from FII investors.
Dec 2020
Total 15.62% (69,97,05,814)
Sep 2020
Total 15.09% (67,59,80,232)
Market Cap Cr
Market Leader
66118.7
Price to Earnings
Below industry Median
7.9
Price to Book Value
Above industry Median
1.3
Recent Bulk purchases:
Clsa Global Markets Pte Ltd
02 Feb 2021
Block Purchase
Qty: 15,27,949 (BSE)
Rate: 127.5
Gail- CMP 120.15GAIL- CMP 120.15, It is in bullish trend. EMA cross overs have happened at 90 levels which is good indicator for rise. After recent correction its RSI is crossing the trend line above and which is also bullish in nature. In short time it may go up to 132 levels and may face resistance at that price. This is for educational purpose and any investment shall be done by experts.
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 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.