rbasker

Range Breakout in Gujarat Gas

Long
NSE:GUJGASLTD   GUJARAT GAS LTD
Gujarat Gas had posted a fantastic result and had a very good Price / Volume action yesterday. The stock had a follow through with strong Price volume action and the price made a decisive breach of the range that was respected the last several days (~ 3 months)
Comment: The price is moving as expected, above the trendline. If in a trade, trail the stop loss and let the profits run. Please exercise your Risk Management Rules at all times.
Trade closed manually: Profit booked and trade closed manually. RR - 1:3.64
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.