Description
⋅ 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
⋅