GAIL looks bearish if it is unable to cross 87.55 level as it forms a triangle pattern in higher time frame.
Also,increase in price is not being confirmed by higher volumes.The volume is on decline and RSI suggests that the stock is overbought.One can look for shorting the stock with a minor stop loss. Target 86.10 / 85.50. If it crosses 87.55 levels there could be a breakout and stock can give bullish momentum.
Also,increase in price is not being confirmed by higher volumes.The volume is on decline and RSI suggests that the stock is overbought.One can look for shorting the stock with a minor stop loss. Target 86.10 / 85.50. If it crosses 87.55 levels there could be a breakout and stock can give bullish momentum.
액티브 트레이드
거래청산: 스탑 닿음
코멘트:
Poor analysis on my part
코멘트:
( DISCLAIMER : I AM A BEGINNER AND JUST STARTING OUT WITH ACTIVE TRADING AND CHARTING.THE PUBLISHED IDEAS CARRY A CERTAIN RISK DUE TO MY INEXPERIENCE IN THE FIELD AND ARE NOT RECOMMENDATIONS.)