Trade Research – NSE VINITORG, COLPAL, GAIL & More

NSE GAIL – Bullish Setup

The previous day’s trading session for NSE Gail showed a strong close, indicating a bullish trend. The price’s RSI stands at 56.51, suggesting that the bulls are likely to dominate the trend. The increasing ATR also supports the notion that the bulls have greater volatility.

If the price can maintain levels above 107.3, Traders can consider targeting 109.2 – 112.6 – 115.1+.

NSE PRSMJOHNSN – Bearish Structure

The NSE PRSMJOHNSN has been trading within the range of 125 – 121, but recently broke down from the range with a significant candle and formed a bearish flag pattern. The price’s ATR is at 4.5, indicating moderate volatility.

If the price can maintain levels below 121,Traders can consider following targets: 118 – 115 – 113+.

NSE MOTILALOFS – Impulsive Setup

NSE MOTILALOFS has broken out of the A-B-C structure of wave (B) and is now rising for wave (C). Wave 2 retraced 78.6%, and the price has been rising rapidly since the completion of wave (B).

According to Elliott Waves theory, a new trend can only be established if the price breaks the high of wave (B). The current wave setup offers a favorable trading opportunity for bulls. If the price can maintain levels above 620, traders can consider buying with following targets: 630 – 647 – 659.3+.

Further information will be provided soon.

NSE COLPAL – Last chance for Bulls

NSE COLPAL has recently broken out of the recent high with a large bullish candle on the previous trading session. The price’s ATR stands at 23, indicating high volatility, and the price is currently moving above the 200-day EMA.

For traders, a potential bullish trend can be expected if the price can maintain levels above 1594. In such a case, buyers can consider buying and targeting the following levels: 1603 – 1626 – 1643+.