• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

GAIL is in Strong Uptrend, Look for Buying Opportunities For Target as 515

By Bhaveek Patel 2 Comments

GAIL (India) Ltd. being the largest gas produces in India is backed by its large gas assets. GAIL was listed on NSE on 2 April 1997. The daily chart suggests that there is some bearishness in the trend, so we are only looking for selling opportunity in this stock as long as it stays bearish, the pivot level is 440 so unless this stock closes above 440 we will be bearish. Selling GAIL futures below the 440 for the target of 400 in short term also placing our stop loss at the 455 level, the technical indicators are suggesting bearish outlook for the stretched period of time. A major selling may drive this stock to lower level, as nifty is also very bearish so we are expecting this stock to trend lower. However fundamentals are quite attractive and suggest for its long term bull run. This stock should be traded on Futures contract and it should be held for either target or stop loss. Also on weekly chart we see some support at the 437 level so one must watch it carefully before entering the trade. From investors point of view one can accumulate small quantity of this stock near the 400 level for long term (2 to 3 years) target of 770 and 900 levels.
Gail Logo

Share3
Tweet
Pin
3 Shares

You Should Read This:

  1. Auto Sector Has Outperformed: We are looking for Buying Opportunities in Maruti Stock Maruti Suzuki India Ltd. is a leading 4 wheeler automobiles company it was listed on NSE on 9 July 2003 and the stock has given very good returns to the investors, looking forward we see...
  2. Markets in strong uptrend, Buy Nifty Future on every fall In the month of September 2013, after the nomination of Shri. Narendra modi as BJP’s PM candidate we have seen markets getting stronger. Market participants started expecting NDA will form govt at center. As the...
  3. Hero Moto Corp is in Uptrend: Traders Recommended Buy on Dips, Strong Auto Stock HEROMOTOCO a leader in 2 wheeler automobiles segment is largest 2 wheeler manufacturer and seller. It is one of the flagship company of Hero Group, India. Looking at the charts for stock performance we see...
  4. NSE Stocks that are in Strong Uptrend on Charts Trading in the direction of trend has proved to be very profitable strategy in any financial market. Same thing applies for stock market, so I have prepared a list of few NSE stocks that are...
  5. Midcap Multibagger Stocks: Fundamentally and Technically Strong Stock: 3MINDIA, target 4545 3M India Limited was listed on 7 February 1995 on NSE, the stock price was then about Rs.165 per share. Since then the stocks of this company has given extraordinary returns. Now the stock trades...

Category: Multibagger Tags: GAIL/ Oil and Gas Sector/ Strong Up Trend

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. lashmiganth says

    I could not find published date for your articles pls add it

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Nifty Above 4700, Buying Opportunity in Nifty 4700 Call Options
Next Post: Buy DRREDDY Stock for Long Term Target as 1850, Support Seen on Weekly Chart

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean