Large Rectangle Breakout Seen in GAIL India Ltd.
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Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts?
Rahul:-
So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride!
Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it.
So now let's focus about company background.
Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.
Market Cap
₹ 76,074 Cr.
Current Price
₹ 116
High / Low
₹ 123 / 83.0
Stock P/E
18.4
Book Value
₹ 98.8
Dividend Yield
3.46 %
ROCE
9.79 %
ROE
8.69 %
Face Value
₹ 10.0
Debt
₹ 17,816 Cr.
EPS
₹ 6.32
PEG Ratio
5.93
Promoter holding
51.9 %
Intrinsic Value
₹ 309
Pledged percentage
0.00 %
EVEBITDA
10.8
PROS
Stock is trading at 1.17 times its book value
Stock is providing a good dividend yield of 3.46%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 43.6%
CONS
Company has a low return on equity of 13.8% over last 3 years.
Earnings include an other income of Rs.2,947 Cr.
Important levels for GAIL India Ltd.
Buy in between 112-117.
Targets we can see 130/140+
Keep Stop loss at 108.5
Price is above 200 EMA
We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe.
with Good Volume
Price is sustaining above breakout trendline and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts?
Rahul:-
- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels.
- A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated.
- The price will “test” the support and resistance levels several times before eventually breaking out.
- From there, the price could trend in the direction of the breakout, whether it is to the upside or downside.
- we can clearly see Above in GAIL chart that the pair was bounded by two key price levels which are parallel to one another.
So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride!
Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it.
So now let's focus about company background.
Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.
Market Cap
₹ 76,074 Cr.
Current Price
₹ 116
High / Low
₹ 123 / 83.0
Stock P/E
18.4
Book Value
₹ 98.8
Dividend Yield
3.46 %
ROCE
9.79 %
ROE
8.69 %
Face Value
₹ 10.0
Debt
₹ 17,816 Cr.
EPS
₹ 6.32
PEG Ratio
5.93
Promoter holding
51.9 %
Intrinsic Value
₹ 309
Pledged percentage
0.00 %
EVEBITDA
10.8
PROS
Stock is trading at 1.17 times its book value
Stock is providing a good dividend yield of 3.46%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 43.6%
CONS
Company has a low return on equity of 13.8% over last 3 years.
Earnings include an other income of Rs.2,947 Cr.
Important levels for GAIL India Ltd.
Buy in between 112-117.
Targets we can see 130/140+
Keep Stop loss at 108.5
Price is above 200 EMA
We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe.
with Good Volume
Price is sustaining above breakout trendline and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Nota
Best entry got triggered, Now sit tight with given stop lossNota
Nota
Gail will start heading towards 122+ very soon.Nota
what did i said in last update?Nota
Gail is near to our 1st targetNota
All Targets done guy's, you can book profits or hold for long term as this is good stock to hold and create wealth in long term, this is one of the best dividend paying company.It has made high today at 145++
Nota
Breakout of this resistance levels can take this stock towards 177/184++
Nota
Yesterday Gail has given Good result and same time stock has reacted and given breakout of 168 resistance, now this can move further towards 184+Nota
Gail again done our target, made high 186.5,,Good momentum we have seen after breakout
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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