Gandhar Oil cmp 235.61 by Daily Chart view since has been listedGandhar Oil cmp 235.61 by Daily Chart view since has been listed
- Support Zone at 205 to 211 Price band
- Resistance Zone at 237 to 244 Price Band
- Volumes steadily rising over the past few days
- Price is well above the EMA 21 > 50 > 100 > 200
- Stock Price has sustained above both of the Falling Resistance and Rising Support Trendlines
- Stock Price now needs to crossover and sustain closure above Resistance Zone to move upwards
- Daily basis Support is seen at 221 > 201 > ATL 182.45 with the Resistance seen at 250 > 269 > 289
Gandharoil
GANDHAR - Rounding Bottom FormationGANDHAR - GANDHAR OIL REFINE IND LTD
Trade Type - Short Term (2 month to 4 month)
Trade Logic - Rounding Bottom Formation
CMP - 219.36
Time Frame - Daily
Target 1 : 235
Target 2 : 260
Target 3 : 280
Stop : 200
Risk/Reward Ratio (1: 3)
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