Resistance & Support Area:-Stoc is near its support are so long position is good idea if only with bullish confirmation candle.
GAIL trade ideas
Gail to 200RsAs soon as Gail breaks the above trend line and a long can be opened for target of 200Rs
GAIL will taste the dust of rising crudeoilWe place a modest target of black line as first and The red line as second target point.
Gail - Elliott wave analysis - ABC correction It is in corrective mode after completing the impulse cycle. Go short on bounce of X wave for Y wave down.
Gail - Elliott wave analysis - ABC correctionIt was finished the impulse cycle up and correcting down. There are two possible set up as either zigzag or flat, So wait for wave A pattern confirmation and short sell in B wave bounce for capture the next C wave down.
Gail - Intraday Trade SetupGail CMP - 141.40
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below Only 141 / Stop Loss 145
Target 1 - 139
Target 2 - 137
Target 3 - 135
Disclaimer: This is my view and for educational purpose only.
Gail-Can take a swing trade with a little riskGail seems to break the multi-year trend line, if it can sustain above the trend line as shown in the charts, there are chances of reaching 161 in the near term.
All the resistances and supports are given in the chart. Near term target 148
Disclaimer- This is for educational purposes only and it is completely based on my personal view, do check with your analysis before you invest
(The charts might be simple with few trendlines- but they are the most powerful)
Gail - BullishGail CMP - 132.75
Looking bullish and range breakout in higher time frame. One can go for Short Term Trade setup with the following entry, exit & targets
Buy Range 129 - 130 / Stop Loss 120
Target 1 - 150
Target 2 - 165
Target 3 - 180
Disclaimer: This is my view and for educational purpose only.
Gail { short 15 m }Nested IB formed , as per charts .
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Gail Broken Trendline Gail has broken trendline for downtrend, It may come back for a retest of same level and continue down move from the same place. However SL is mandatory which is logical.
Gail - CMP 123.65Gail - CMP 123.65. Gail has taken support on trend line and is on increasing trend. It can be bought with SL of 113 for a target of 133, 137, 142++. All my views are educational purpose and consult your financial expert before making ny investment.
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 - NSEPoints
1. Neutral share - Hold
2. Target 130
3. Stop loss 120
4. Bollinger bands - makes it harder to take call, as it is highly volatile with volatile volumes
5. Overbought share
6. Though ADX suggest strong uptrent
GAIL Broke a ResistanceGAIL has broken the resistance around 106 levels with a strong green candle and a good volume.
Seems like a long opportunity to the next resistance level marked on the chart.
Entry can be taken on a retest of the broken resistance level.
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
Channel Break outChannel BO and closed above BO level Can see good movements
CMP 122.25
SL 114
Target 132,155++
