GAIL has broken its supp at 150 and has been dropping rapidly since 180 levels a Stock is heavily oversold so a retracement bounce is not ruled out at any time but do not mistake that bounce for a reversal Bulls should look for longs set ups only abv 141 Let the stock consolidate Shorters can short on bounce with 141 as stops and 120 as tgt
WAITING FOR PRICES TO TEST THE ENTRY PRICE. SELL SETUP :) KEEP IT SIMPLE, KEEP IT UNIQUE :) HAPPY TRADING, HAPPY PROFIT MAKING :) NOTE: MY VIEW ONLY....
Gail at stong support zone we can see upside move after proper breaout
#GAIL may post bad result as per chart. If Gail break 335 level post result and sustain below support we can see downside toward 320 levels and if Gail break 344 level we can see upside toward 350-355+ levels.
344 to 342.... Gap up and gap down may change the assumed scenario
price increased by 4.10% with increase in volume by more then 200% with 39% in delivery accumulation is also happening
Gail bounced from supertrend support with strong hammer pattern on daily. Can Long with RR of 4 as shown in chart.
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...
Bullish engulfing pattern...... Buy 338.6 First Target 350 Second Target 359 SL 320
Hello 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 seems to be headed to form a head and shoulder and possible trend reversal after that. Target 362-364. Good luck