This is one important case study as to why investors lose money in the stock market.
Now if you look at the chart, Here is what you see:
1. 32 Months of pure range-bound consolidation
2. Clearly defined support and resistance zones
3. Five months of consolidation at the resistance zone
4. A beautiful high-volume breakout followed by a...
The stock is in continuous uptrend , with no evidence of sellers in major time frames.
The stock has reversed from 38.2% retracement in weekly.
I am looking to enter this counter at cmp with 184.20 as SL and minimum 15% ROI - 224 and then trail further.
Here we can see a Swing Trade Idea in NSE:GAIL
Buy NSE:GAIL
CMP 203
TP 228
SL 186
GAIL (India) Ltd. engages in the exploration, production, processing, transmission, distribution, and marketing of natural gas. It operates through the following business segments: Transmission services, Natural Gas Trading or Marketing, Petrochemicals, LPG and Other...
GAIL is trading in a range from so many days, expecting it to break either up side or down side, mostly it will go up because it is trading at SMA 21 and pattern is like flag and poll so if any side breakout happen we can capture a good move in GAIL
Gail is ready for another 12% move.
Even though yesterdays candle broken the earlier high, its a big red candle. So there was strong selling at previous high. Next trading session, if its gap up above yesterdays high, then this trade will be active and possible 12% upmove can expect.
As part 1 was a good success now we can go again or leave, but still..
Gail might give a good swing or positional move sustaining above or between
174.5-175
Entry 174.5 - 175
Stoploss - 170
Targets 180,185, 192++
Note - if any trade or value that's gone from the level we marked then that's not our trade just let it go.
I'm not sebi registered this is my...
GAIL
MONTHLY TIMEFRAME
Note Please leave comments for any query.
Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
As per previous chart history and current position of this stock, it is indicating to buy at CMP or wait for a dip to enter on reversal. Fundamentals are strong of this stock.
All major points are mentioned on the chart itself
Target - 170, 190 and 230
Below 130 might be a Blood Bath for Stock Holders
Blood Bath Targets are:-
115
102
82
75
Do your own...
Gail - Will it soon show new highs?
Wait for breakout above 111 for target of 130. Cheers.
Study and take decisions. Its an idea for educational purpose and not a recommendation.
GAIL WEEKLY CHART
Cmp 122 Target 188 Breakout @ 110 Support 102
Gail has witnessed a resistance breakout on weekly charts.
Its only an observation & not any suggestion
we have a breakout in #gail, with support around 130-33, one can go long with a long investment horizon by buying at every dip till 130 levels are held. FnO Traders can look at the long side once there is enough traction in the stock and the option!
As per the chart analysis this stock had given fake breakout in 146 levels failed to sustain because of less volume
so once it covers the gap zones then it will rebound i hope
i think the stock will touch 129 on closing basis
