Inverse head and shoulder pattern on daily time frameprice increased by 4.10% with increase in volume by more then 200%
with 39% in delivery
accumulation is also happening
GAIL trade ideas
Bounce from Trendline + Supertrend support with HammerGail bounced from supertrend support with strong hammer pattern on daily. Can Long with RR of 4 as shown in chart.
Gail is a risky buy with 350 as stoploss for 378-380 Script : Gail India.
Gail can be a risky buy with 350 as SL. Unless the 5 waves are not completed yet then the 378-380 levels still possible.
Those who have shorted today at 362 has got a good RR trade as this could be a wave (b) top in an alternate count. Stoploss for short trade is 367.
For a fresh trade Gail can be a risky buy with strict sl at 350 below 350, 328 level will be the first target.
GAIL Should move upwards in the long run on a Gale of Wind.....
Let's see if it is so, or a Strong GUST / GALE knocks it down...
Gail India - Bearish Idea in Larger time frameHello Guys,
Please check both of idea. Gail is sitting on support in a week time frame and H&S pattern formed in a day time frame which a clear indication that this support is going to break out in a couple of weeks.
GAIL- Possible head and shoulderGail seems to be headed to form a head and shoulder and possible trend reversal after that. Target 362-364. Good luck
GAILThe Stock seems to be in the mood of creating a rounding bottom and subsequently breaking out from the range it has been in since the past 6 months. Once the range has been broken, it will become very interesting to see the strength going ahead.
#GAILCCI(all) >100
Verge Of D/W BoxBO
Bottom is confirmed
BO1 and BO2 active
Weekly C>381.1 and H>389.65 with strength will confirm further
Target 445 / 480 / 536
SL 330
Duration: 3 months (10 weeks)
Gail Breakout Momentum TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Immediately update the TSL to the cost if it comes to profit post triggering.
GAIL - expect long upmovePrice has broken the long term moving average with increse volume, expect price to go till 385.
GAIL fails to break downStock was selling off well and suddenly the weekly support around 300 gets respected. Open interest suggest that market is negatively biased. Using cloud as the guide taking a short trade with stop at 332 and target 360. A portion can be held on to see if market breaks above 360.
GAIL: trading-buyThe daily chart offers somewhat more upside potential if buyers manage to clear 390.50. A rally up to 410.25 and the main weekly projection around 448 is feasible. With stops below 375 risk/reward is certainly good enough for some trading long-entries. Do keep in mind that the weekly uptrend is quite mature so risks for the longer term are elevated.
Gail - Reversed a downtrend!Gail has reversed a declining trendline and also successfully retested an uptrend support line.
The bollinger band is confirming the signs of low volatility at the moment and has formed a squeeze formation. Wait for a breakout up/down.
Positive divergence is noticed in RSI.
Target - 415-440
Stoploss - 355
Gail 381 target 435Gail Look good cmp 381 Target T1 394, T2-408, T3 - 416,T4-435 above That Big Breakout
Gail Elliottwave: Waiting for 355 to build long positionStrategy: Buy the dip of 355
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GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
