✅ #GNA trading above Resistance of 546
✅ Next Resistance is at 656
👉 1:1 Bonus Issue of Equity Shares (Ex Date - Sep 1, 2023)
👉 This corporate action adjusted in chart
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will...
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...
GNA:- Stock has also given breakout by forming cup and handle on daily time frame, keep an eye.
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...
📊 Script: GNA (GNA AXLES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components & Equipment's
📈 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....
- Weekly Chart
- Strong fundamentals
- Poised for breakout
- Looks good for swing/ Positional trade after break of resistance line
- First target ATH, Use trailing stop after that
- Manage risk using stoploss and position sizing
Rectangular 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