GAIL INDIA LTD (SIDEWAYS SWING TRADE)
#Stock : #Gail India Ltd
#Chart Time Frame: #Daily
#Structure : #Multiple Supports / #Demand Zone / #Sideways
On #Daily Time Frame the Stock is on #Sideways since Jan 2021 till date and bouncing back from its #Demand Zone of 85 levels and looks good for #Swing Trade for short to medium term up to its #Resistance level of 113 - 115 levels which will be a good reward of 10% to 25% returns from its current level of 90
So stock looks good for long as per the levels mentioned below:
CMP - 90.05 or BoD 86
Target 1 - 99
Target 2 - 105
Target 3 - 110 +
SL - 82.50
Holding Time Frame - Short to Medium Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE
#Chart Time Frame: #Daily
#Structure : #Multiple Supports / #Demand Zone / #Sideways
On #Daily Time Frame the Stock is on #Sideways since Jan 2021 till date and bouncing back from its #Demand Zone of 85 levels and looks good for #Swing Trade for short to medium term up to its #Resistance level of 113 - 115 levels which will be a good reward of 10% to 25% returns from its current level of 90
So stock looks good for long as per the levels mentioned below:
CMP - 90.05 or BoD 86
Target 1 - 99
Target 2 - 105
Target 3 - 110 +
SL - 82.50
Holding Time Frame - Short to Medium Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE
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