Head and shoulder pattern - Gail ind As we see financial result of Gail india was not good.
In 1day time frame of Gail india chart we see head & shoulder pattern with heavy selling in it as obvious due to results. According to it if it down from 142 level and sustain than our target for deep is 135 127 122 ( thz was exceptional one) bcz 127 was measured support for Gail india
GAIL trade ideas
GAIL (India) Ltd.*GAIL (India) Ltd.*
Inverse Head & Shoulder Pattern: Monthly Basis
(Further Price/Vol. BreakOut/ Consolidation Needed
*Near Multi Year Trendline BreakOut* If broken, huge Upside Possible!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
GoI Undertaking, Processes / Distributes Natural gas / Liquefied petroleum. Operates natural gas pipeline network of 13700 km (FY21).
Gas transmission vol. / Gas Trading expected to report steady growth, going ahead favourable spot LNG price trend
Improving Qtrly/Yrly Sales & Profitability (Mar'21 an Aberration).
Low Leverage. Strong TNW. Improving Ops. Cash Flow / WC Cycle
FII stake increasing since Dec'20
Dividend Paying Co.
*Concern:*
Decline in RoA/RoE/ROCE in FY21 Vs. FY21. Need Improvement.
Rs.7500 crore capex in FY22E/FY23E (Coversion in topline to be seen).
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
GAIL Bullish Or BEARISH ???1. 1 Day: Delivery volume increased by 140.55% over 5 day average
2. Stock has corrected and moved up after touching the resgression bottom channel
3. Has Picked Momentum , Earning are coming ,
4. F&O data suggests Long Buildup today
5.Bullish Momentum - Above Short, Medium and Long Term Moving Averages
6. FII/FPI have increased holdings from 18.36% to 19.69% in Dec 2021 qtr.
7.Current price is less than the intrinsic value
Cup and handle patternProbably a cup has formed and a doji star bearish candle also there in one day time frame so it will be retesting for 2-3 trading session and we can make a entry at 136-137.This strategy is best for swing trading 5-10 days
Note - This is for educational purposes based on my analysis so before you trade do your analysis.
GAILNSE:GAIL
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Cup and Handle pattern in GailHello Traders. My view for NSE:GAIL is Bullish. As you can see the formation of Cup and Handle Pattern in the chart, I guess formation of handle has been completed because the price within the handle pattern is taking support from previous resistance. You can also see the Pregnant Glamour candlestick pattern with the handle. I guess it's time for breakout of handle. Targets for Short and Mid term trades are given in the chart.
Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.