Gujarat Gas, Long above 330 for target of 375

Nov 24, 2020

Gujarat Gas is struck in a box range. Beyond that it can move to 375 followed by 400.

Stoploss = 305 (on closing basis)

Nov 24, 2020

Trade active

Nov 27, 2020

Trade closed: target reached

Target achieved. Stock made a high of 411 on 11/27.

Dec 1, 2020

Note

Stock achieved both the targets( 375, followed by 400) in 3 trading session. It was on back of news of unified tariffs.

It had a strong rejection above 400 levels as expected. It is now again in consolidation.

We got lucky to get 15-20% return in 3days.