Gateway Distriparks cmp 99.72 by Monthly Chart view since listedGateway Distriparks cmp 99.72 by Monthly Chart view since listed
- Support Zone at 79 to 85 Price Band
- Bullish Head & Shoulder with neckline at the Support Zone
- 9 Year's Long Timeframe Bullish Rounding Bottom with neckline at 110
- Weekly basis : Support at 93 > 85 > 78 with Resistance at 109 > 116 > ATH 121.55
Gatewaydistriparks
Gateway Distriparks-An investment pick!Gateway distriparks is India’s leading Integrated Multimodal Logistics company.
As Make in India is growing, India needs experienced logistics provider and Gateway fits rightly in it.
Stock has recently given ATH breakout with a rounding bottom pattern.
Company has sales growth of over 55% in last 3 years.
We can expect big returns in the stock once the trendline breaks. Positional traders can enter with trendline as the target.
GATEWAY might rally (Significant demand zone)From the above chart we see that #GatewayDistriParks, a company into logistics has been moving downwards and recently had a volume spike and a breakout of the downward sloping trendline, it gave a low volume pullback & since listing it has respected a Demand Zone, ample of times and every time some buying can be seen happening in that zone. The recent price action is a retest but this is a risky trade so a strict SL needs to be there below the demand zone and resistances mentioned above in the charts are targets for the same.
A high risk short term bet so abide by strict SL, Targets.
Thanks for reading!