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VArun1000

Gulf Oil Lub - Falling channel pattern

Long
GULF OIL LUBRICANT (NSE:GULFOILLUB)  
VArun1000 Updated   
NSE:GULFOILLUB   GULF OIL LUBRICANT
Chart Patterns Parallel Channel Fundamental Analysis accumulationzone timeframe Descending Channel
2
0
chartpattern parallelchannel fundamental accumulationzone timeframe descendingchannel
Gulf Oil Lubricants India Ltd - CMP: 464
Technically:
Falling Channel Pattern
Consolidating in a zone for some months now
Ideal time to accumulate for long term
Target 1: 558
Target 2: 673
Target 3: 838
Stop Loss: 375

Fundamentally:
Strong Promotor Holding
The Co has bought back its 14,16,667 equity shares at Rs 600 per equity share in cash on Feb'22
Consistency in Net profit
Undervalued Stock


Comment:
Target 1 - Achieved
Trade closed: target reached:
Target 2 completed
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