Gail - 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!
For a long time the stock was in a LL pattern and now its breaking out and may move in HL pattern, keep this scrip in radar.
NSE: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.
Stock 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!
Good upside movement with Head and schouders pattern. In long term view also good stock because of Good in divident. Market leader company.