Gujarat Gas Ltd for positional trade with good risk and reward
I am sharing chart of Gujarat Gas,
The chart is on weekly time frame.
For positional trading we can consider this stock for a target of 563
with a strict SL of 470 (on weekly closing basis).
Risk is of just 20 points and reward is around 70 point.
I have used XABCD pattern to identify the possible next swing or you can say target.
The stock is trading above point B and it should reach point D which is at 563.20.
The chart is on weekly time frame.
For positional trading we can consider this stock for a target of 563
with a strict SL of 470 (on weekly closing basis).
Risk is of just 20 points and reward is around 70 point.
I have used XABCD pattern to identify the possible next swing or you can say target.
The stock is trading above point B and it should reach point D which is at 563.20.
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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.
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.