Midterm
Trade idea for BQXBTCI had bought Voyager token on the spot market some while ago. I hope it breaks current downtrend and keeps going up to its resistance levels.
Long position in GAIL with target of 199This is my personal view on #GAIL for mid-term.
NSE:GAIL
GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company's products and services include natural gas marketing and transmission, petrochemicals, and liquid hydrocarbons production (LPG, propane and naphtha).
Low risk high returns is what I see in this stock.
As we saw huge jump in this stock and recent news on buy back @ 150/share, good growth is expected from this stock to reach to its previous high made in year 2018.
My recommendations to add on dips for target of 199+ in mid-term.
Immediate Resistance is at 160 if it sustain that can reach upto 190 very soon.
Immediate support will be at 137 and if it can't sustain that it can have a short term correction till 127 and ne t support will be at to 110(highly unlikely consideringmarket sentiments)
As shown in Chart my pivot points are 130 as entry point and keep adding till 110 levels with the risk of 15% (100 days MA) and with the Target of 53% as per technical points ploted on weekly chart.
I am holding position from 115 levels.
Please share your view on Gail in comments and thumbs-up and share if you like it
Historical shareholding details for GAIL from FII investors.
Dec 2020
Total 15.62% (69,97,05,814)
Sep 2020
Total 15.09% (67,59,80,232)
Market Cap Cr
Market Leader
66118.7
Price to Earnings
Below industry Median
7.9
Price to Book Value
Above industry Median
1.3
Recent Bulk purchases:
Clsa Global Markets Pte Ltd
02 Feb 2021
Block Purchase
Qty: 15,27,949 (BSE)
Rate: 127.5
BULLISH SETUP IN 1H CHART- The chart will do a reversal because it hits the weekly trendline, like the 4th of febuary and the 30th of november.
-200 EMA in will act like a magnet .
- Forming a <> pattern.
-MACD and RSI are sets for a reversal.
Buy: 1795
Stop:1785 maybe less
TP 1: 1819
TP 2: 1858
What you think? Let me know.
Good trade!
DOTUSDT MIDTERM LONG POTENTIAL PATTERNDot Long buy setup Idea
I think if everything goes fine and BTC roams around 46-52k Then Dot will have a long big green candle .
we can see potential buy order at 27.5-28.5
and potential sell order at 36-38
27 and downwards should begin the downtrend for at least 2-3 days