Anwar_Khan

Gujrat Gas Breakout 1D chart

Long
NSE:GUJGASLTD   GUJARAT GAS LTD
So I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'.
All of these reasons are based on technicals and indicators.

Reasons
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1. Breakout in Daily charts with high volume .
2. Breakout of 0.382 Fibo levels.
3. Both RSI and MACD suggesting an upmove.
4. Share price crossed 20 DMA while being significantly above 100DMA & 200DMA
5. It has crossed 20 MA, 100 MA, & 200 MA on 30m chart

I would suggest a strong buy on this stock but this is just my view. Analyze and fact-check everything yourself before taking a trade
Trade closed: target reached

Comments

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