GaelA long simple Descending Broadening Wedge , broke out and took retracement , can go for long , if a 4 hour open close above 173!
GAEL
GAEL - Parallel channelGael is in a parallel channel in Daily TF and taking support and bottom trendline.
in 2 hrs TF we can see a falling wedge pattern. Breakout from resistance can give short term return of 5-7% and for swing can give 15+% returns
Gujarat Ambuja Export - in completion of condolidationHi,
Now GAEL is going to complete the consolidation pattern.
It expected to Breakout
Entry level is - 169 -175
Target Level - 193- 222
Stop Loss - 161-155
GAEL on verge with ascending triangle patternHey folks!
Technical analysis on GAEL:
Gael has been consolidating for 3 months. It is near the verge to breakout.
I would love if it retest the lower trendline and tK [hen gave a breakout.
Acummulating stock near the lower trendline will give most benefit out of the trade
And risk to reward ratio will be appropriate.
Fundamental analysis:
Gael is agro processing company
Tickertape analyst have 100% recommend this stock
PE ratio is 13.17 which I consider good
Profit has been increased from 0.15 to 0.34(value in cr)
Promoter has almost 60% holdings
FIIS holding has been kept increasing
Thanks for viewing my idea!
An like would be appreciated and follow me for more ideas ;)
Gujarat Ambuja Exports LtdA pattern which I like . Breakout and Retest done.
It is a weekly chart and my targets are open till the trend bends.
Long term Hold.
Gujarat Ambuja Exports Trendline BreakoutPositional Trade(2-3 weeks):
Buy: GAEL
CMP: 178
Target 1: 195
Target 2: 200
Stop Loss: 170
DAILY SWING CALL // Tuesday 24th of May 2021 // GAELDAILY SWING CALL // Tuesday 24th of May 2021 // NSE:GAEL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 172.75
TARGET: 199+ (15% Around)
STOP LOSS: 155 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
