Price and trend forecast of GAIL for Tomorrow, Weekly, Monthly
GAIL (India) Limited
Symbol: NSE:GAIL
ISIN: INE129A01019
222.82
As on 2024-09-06
GAIL's Today's Performance
GAIL (India) Limited started the day by opening at 227.90 today 2024-09-06. Its shares reached a high of 228.42 and dipped to a low of 221.95 in intraday. When the markets closed, GAIL’s stock price settled at ₹222.82 per share. Also check out its key support and resistance levels.
GAIL Buy/Sell Targets
Tomorrow, sell GAIL when its price reaches ₹ 222.82 with a stop-loss order at ₹ 225.29. You can set the target price as ₹ 220.35 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of GAIL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for GAIL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 227 |
| Tomorrow Down Target 2 | 231 |
| Tomorrow Down Target 3 | 233 |
Important Levels for GAIL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 220 |
| Tomorrow Up Target 2 | 218 |
| Tomorrow Up Target 3 | 214 |
Based on where the stock opens tomorrow, if GAIL opens on a positive note, our first target will be ₹227. If Target 1 is achieved, we will aim for Target 2 which is ₹231.
But if GAIL falls below the average value of ₹224.40, you can enter a sell side position with target number 1 - ₹220 and second target - ₹218 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of GAIL
Looking at GAIL, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, GAIL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for GAIL is moderate bearish.
Tomorrow's Volume based share price Forecast for GAIL
GAIL's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -18%.
Reversal detection for GAIL
GAIL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹229 in morning tomorrow
| Target 1 tomorrow | 227 |
| Target 2 tomorrow | 228 |
| Target 3 tomorrow | 231 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with GAIL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if GAIL opens on a positive note, our first target will be ₹226.84. If Target 1 is achieved, we will aim for Target 2 which is ₹230.87.
But if GAIL falls below the average value of ₹224.40, you can enter a sell side position with target number 1 - ₹220.37 and second target - ₹217.93
GAIL's Weekly Targets
| 1st Up Target | 234.76 |
| 2nd Up Target | 246.69 |
| 1st Down Target | 216.42 |
| 2nd Down Target | 210.01 |
As the week for GAIL ended on bearish sentiments, we can expect further continuation of this sentiment. GAIL's initial target will be 234.76 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 216.42 in the upcoming week.
Weekly OHLC Values
| Open | 238.65 |
| High | 240.29 |
| Low | 221.95 |
| Close | 222.82 |
Week for GAIL started with an open price of 238.65, and the close was at 222.82. GAIL reached the highest of 240.29 and dipped lowest up to 221.95 last week. This indicates a bearish sentiment for the week.
GAIL full month swing targets
| Monthly Up Target 1 | 253.10 |
| Monthly Up Target 2 | 265.03 |
| Monthly Down Target 1 | 198.08 |
| Monthly Down Target 2 | 173.33 |
Targets of ₹253.10 can be expected to be reached in the coming month. Once GAIL achieved this target, we can aim for the next upside target of ₹265.03.
GAIL if fails to hold upside, down targets of ₹198.08 and ₹173.33 can be achieved by end of this month.
For complete three weeks if GAIL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as GAIL
| Symbol | Name | Industry |
|---|---|---|
| NTPC | NTPC Limited | Utilities - Regulated Electric |
| ADANIGREEN | Adani Green Energy Limited | Utilities - Renewable |
| POWERGRID | Power Grid Corporation of India Limited | Utilities - Regulated Electric |
| ADANIPOWER | Adani Power Limited | Utilities - Independent Power Producers |
| TATAPOWER | Tata Power Company Limited | Utilities - Independent Power Producers |
Summary
GAIL is expected to reach the target of 226.84 in tomorrow's trading session.
After achieving the initial target in GAIL, we will aim for higher targets of 230.87 tomorrow.
However, if GAIL starts to trade below ₹224.40, then we will shift our focus to the sell side and aim for down targets of 220.37 and 217.93.