GAIL (India) Limited
숏

Gail

547
Gail has completed impulse wave of some degree as 1 to 5 and now is in correction phase likely to be a b & c, as per our view,
there could be a good probabilities of price to go down towards 125 to 130 zones, if situation goes as presumed then we can get any one trading opportunity from two options mentioned below.

First trading strategy option is
sell on rise with stoploss of 163

Second trading strategy option is
if price does'nt rises then sell only below this black line
with breakdown candle's high as stoploss

two trading strategies are possible to trade
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  • volume comparision
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    bearish divergence in macd and price
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    bearish divergence seen in rsi & price
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    macd in weekly bearish
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    macd in daily is bearish and also below zero line
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    Disclaimer
    I am not sebi registered analyst
    My studies are for educational purpose only
    Consult your financial advisor before trading or investing

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