Saurav_charts

Would you preempt or wait for breakout

Long
NSE:GUJGASLTD   GUJARAT GAS LTD
Gujgas is facing resistance in the price range of 470 - 480.
Next week is crucial for Gujgas and any test of 470 will be trigger to buy this stock for the Target of 540 in the coming weeks.
The Trade plan can be buying 25% position right now and then scaling up as the stock moves in your direction.
The stoploss for this swing trade can be placed at 440.

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.