GNA - Long Setup, Move is ON..NSE:GNA
✅ #GNA trading above Resistance of 546
✅ Next Resistance is at 656
Corporate action:
👉 1:1 Bonus Issue of Equity Shares (Ex Date - Sep 1, 2023)
👉 This corporate action adjusted in chart
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Gnaaxles
GNA - Long SetupNSE:GNA
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
GNA Axles LimitedGNA:- Stock has also given breakout by forming cup and handle on daily time frame, keep an eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GNA - MULTIPLE INDICATOR 📊 Script: GNA (GNA AXLES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components & Equipment's
Key highlights:
📈 Script is trading at upper band of BB and given breakout of BB.
📈 There is Crossover in MACD.
📈 Double Moving Average is also giving crossover.
📈 Right now RSI is around 70.
⏱️ C.M.P 📑💰- 653
🟢 Target 🎯🏆 - 722
⚠️ Stoploss ☠️🚫 - 616
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!
GNA AXLES (Short Term Study)- Stock in Uptrend - ✓
- All Time Breakout & Pull Back - ✓
- Huge Volume During Breakout - ✓
- Accumulative Volumes before Breakout - ✓
- Previous swing High Breakout - ✓
- 4.6x delivery volumes during breakout - ✓
- Promoter group continuously buying shares - ✓
- Stock Outperforming Nifty & its Sector - ✓
- Spread Chart Breakout - ✓
- Increasing Relative Strength - ✓
- Positive Qtrly Performance - ✓
All logical parameters met for Short Term Trade - ✓
Rectangle Breakout - GNA AxlesRectangular Pattern Breakout seen in GNA Axles with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio first. Then, if you want, you can keep 25% of your position for 1:1.5 target.
Buy levels: 244-246
Stop Loss: 209.85
First Target: 279
Second Target: 292