GHCL is a multi year reversal setup.
Previously it was able to sustain the multiyear support at 440
Once price sustain the support it made a small continuous pattern similar to cup and handle and given breakout at 553
Higher low in the continuous pattern shows the sign of trend reversal.
It is now facing small trendline resistance near 576 which can lead it to...
Volume is greater than Previous Session by 101%.
Price above 50-100-200 Day Moving Average. MA alignment is Bullish.
Momentum Indicators like RSI,BB,ADX,DC are all showing Bullish Strength.
Weak Below 650.
REady For Upside 750-800+
This stock has been range bound since last few years, with volumes now showing up in recent few weeks and stock trading way lower than industry PE we can expect a good upside upto 1200 in medium term.
GHCL is in the business of chemicals, yarn, and commodity products.
The company is doing good fundamentally as well as technically.
Here are the details of the analysis-
CMP- 519.60
Target- 604
Stoploss- 484
Duration- 2-3 weeks.
Let me know what you think
NSE: GHCL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
Based on the price movement, there was a period of consolidation where the price was trading within a range. However, the recent price action indicates a significant break above this consolidation phase, which suggests a continuation of the previous upward trend.
Initially, the pattern started during a downtrend as prices formed higher highs and lower lows within...
Long GHCL above 682 with SL 650. Move the trailing SL once stock crosses the 700 level. Now the stock is going to create new highs in the coming days. On monthly, weekly, and Daily RSI above 60 is the bullish signal. This is for your educational purpose only.
From its breakout at 483, the price reached a high of 591 to end the week at 573.
Will wait and watch the zone between 543 and 586 for tight price consolidation with an upward tilt. Breakout above 586 with supporting volume will be positive.
Target of 686 and can be revised based on further stock movement and strength.
Keep a strict stop loss as per your risk...
The company has significantly decreased its debt by 471.53 Cr.
The Company has been maintaining an effective average operating margins of 22.33% in the last 5 years.
The company has an efficient Cash Conversion Cycle of 70.29 days.
The company has a good cash flow management; CFO/PAT stands at 1.54.
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am...
This is follow-up on GHCL. Can check link to related ideas.
Target 1 achieved. Gain of more than 48%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
