Gujrat Gas Ltd.

Possible Breakout in Gujrat Gas Ltd.

Best Buy:
After breakout of the triangle pattern @ 500 to 510
OR
Buy if found near support of 470-480.

Stop Loss : 460 & After breakout 470-80
Target:
570/640/700/750+++

Reasons to buy:

• 1: Good weekly support from the bottom.
  
• 2: Possible Symmetrical triangle breakout.
  
• 3: Trending just above the 200ma.
  
• 4: Taking good support from the 200ma line.
  
• 5: Good ROI.
  

PS: Kindly trade with strict Stop Loss , as Symmetrical Triangle may break in any direction.



Thanks



Disclaimer:
This idea is only for EDUCATIONAL purpose.
Kindly trade at your own risk.

Trade active:

Still waiting for a Breakout.

Trade closed: stop reached