GMMPfaudler-Can it break the consolidation this time?Stock of GMM is bouncing from strong support and looking strong for a good upmove.
If the stock crosses 1800, we can expect a big move upside.
Short term traders can book at T1/T2 quickly.
Stock has good fundamentals to hold for long term as well.
GMMPFAUDLR
GMM Pfaudler Ltd or GMMPFAUDLER 🤑💸👑🙏🤑🤑👑Royal Trend👑
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In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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GMMPfaudler- Big move on the cards?GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall.
Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking.
On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum.
It seems like the gap down was a SL hunting move for the breakout buyers.
The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone.
However, since its a news based stock, the risk associated is higher.
Please note that I am sharing this idea only for educational purposes.
One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
GMM Pfaudler LtdMarket Cap 8,746 Cr.
Promoter holding 56.1 %
Pledged percentage 4.38 %
Dividend Yield 0.21 %
Debt to equity 1.34
Stock P/E 55.6
Industry PE 22
ROCE 14.3 %
ROE 16.1 %
OPM 13 %
Free Cash Flow 108 Cr.
EPS (YoY) 35.5 vs 19.4 vs 16.7
GMM Pfaudler manufactures corrosion resistant glass-lined equipment's. It is a leading supplier of process equipment's to the pharmaceutical and chemical industries
GMM Pfaudler (GMM) is the market leader of glass lined equipment's in India with over 50% market share.
It faces intense competition in the small vessel segment from other domestic players. However, the group has a near monopoly in large vessel (with capacities over 16,000 litre) segment.
For FY22, Revenue from
Technologies accounted for 58%
Systems(27%)
Services(15%)
Exports accounted for 72% of the revenue, while domestic accounted for 28%
Pfaudler S.r.l., Italy has completed the acquisition of Hydro Air Research Italia S.r.l. on August 3, 2022.
GMM Pfaudler#GMM very good accumulation before box breakout
CMP 1889 can be taken for 2100/2300 SL 1795
Simple supports and resistances!Chart -> GMM PFAUDLER Weekly
As we can see in the chart, areas A and B are two ranges of support and resistance.
Now it broke out area B.
CMP: 1826
Good to add: 1700 to 1800
Targets: 2100, 2300
SL: 1570, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
GMMPFAUDLR - Ichimoku Bullish Breakout Stock Name - GMM Pfaudler Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1847
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Trend Support - Key LevelI am not sure about taking a long position, given the weak market outlook.
Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal.
GMM PFAULDR has been in a clear trendline and has reached its support and shown some bounce as well.
Not an Investment Advice. I am just curious to see how it plays out.
Breakout in GMM Pfaudler...Chart is self explanatory. Entry, Targets and 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 consult your financial advisor before taking any trade.
GMM: Inverted H&S Near Support levelStock is forming an inverted H&S pattern on hourly time frame has tested the 4400 zone multiple times. If stock goes above 4400 this time then it can again fill the gap area and touch it's all time high.
All levels are mentioned on the chart. Please consult your advisor before investing.
DISC: for educational purposes only.
GGM Pfaudler -Given Downtrend BreakoutGiven Downtrend breakout with Good Volume. Get ready for the next destination.
GMM PFAUDLER LONGGMM PFAUDLER consolidating from last 1 month and now it can break the range and after 4800 we can see a good upside move of atleast 15% in this stock so watch the levels carefully and keep your eye on it
for detailed analysis watch this
GMM PFAUDLR IS BACKGMMPFAUDLR
Has given good money once, can do same again.
Will wait for confirmation on Daily charts.
On weekly charts selling volumes have been falling.
RSI Above 50
MACD in positive area.
Don't hurry to trade, wait for proper confirmation.
***DO YOUR OWN ANALYSIS BEFORE TRADE, PROFIT AND LOSS IS YOURS***
GMM - moving towards its imp support zoneGMM Pfaulder Ltd saw a remarkable from 4000 levels to 5435 levels.
Though it went into deep correction after marking high of 5435.
Currently it is approaching it's imp support around 4474-4434.
Since it's weekly and monthly chart are bullish,chances are that it might took support at the level mentioned above, hence I am keeping an eye on its price action this week.
It could be a good trade, if stock some positive price action near this support area.