Gail going for a dip after ATH. Bearish move expected.
已更新
Gail has given a nice bullish rally after crossing the previous ATH of 131.5.
There has been a 30% bullish rally. It has formed a double top and once it starts trading below 155.80 level it will confirm a "M" pattern too,
Today there was a nice sell of in the stock and it closed 5.5% lower with good volumes.
Even the RSI indicator is showing a bearish divergence on the daily charts. Chances are thereof it testing the lower levels around 151 and 147.
Target levels :- 151.7, 147.5, 142
It has closed below 38.2% fibonacci level, will come to test 50% and further targets of 61.8%.
Wait for the stock to cross today's low after a flat or slight gap up opening.
The retracement after forming a new high is remaining in the stock. And profits will be booked by the swing trades.
Keep in mind the R:R ratio and SL while entering the trade.
There has been a 30% bullish rally. It has formed a double top and once it starts trading below 155.80 level it will confirm a "M" pattern too,
Today there was a nice sell of in the stock and it closed 5.5% lower with good volumes.
Even the RSI indicator is showing a bearish divergence on the daily charts. Chances are thereof it testing the lower levels around 151 and 147.
Target levels :- 151.7, 147.5, 142
It has closed below 38.2% fibonacci level, will come to test 50% and further targets of 61.8%.
Wait for the stock to cross today's low after a flat or slight gap up opening.
The retracement after forming a new high is remaining in the stock. And profits will be booked by the swing trades.
Keep in mind the R:R ratio and SL while entering the trade.
订单已取消
The stock has reversed and formed another high. No entry triggered.
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。