Trade Setup_10% move in GAIL Long

GAIL INDIA LTDNSE

Description

⋅ Oct 31, 2023 9:08 AM

The company just announced an increase in Net Profit by 56% as to beat all market expectations.

The wave V of 3 should get triggered with this news flow and the stock has shown a massive volume spike in past half hour.

sl 116.8
target 135

Comment

⋅ Nov 2, 2023 7:17 AM

SL TRAILED TO 117.8

Comment

⋅ Nov 3, 2023 5:16 AM

sl trailed to 118.8

Trade closed: target reached

⋅ Dec 1, 2023 5:43 AM

Comments

jason_rpprt

⋅ Nov 3, 2023 8:25 AM

Nice work, I may look to short at the top of this channel with the bearish divergence on the larger timeframe.

neeraj_2_sharma

⋅ Nov 3, 2023 8:28 AM

@jason_rpprt, yeah that too works but just be a bit careful as the stock has great valuations, great results and also on the verge of breaking out of multiyear consolidation(on monthly)

jason_rpprt

⋅ Nov 3, 2023 10:07 AM

@neeraj_2_sharma, thank you sir, nice charts👍

neeraj_2_sharma

⋅ Nov 3, 2023 10:09 AM

@jason_rpprt, My pleasure, I am glad you liked the charts:)