GSPL:Gujarat State Petronet LtdBreakoutGSPL:Gujarat State Petronet Ltd Breakout
Hi all GSPL:Gujarat State Petronet Ltd Breakout level now strong bullish with high volume moment stock Long buildup form in this stock on friday.BUY above 248 for long.
NEXT TARGET 258, 268,278 . Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
GSPL
GSPL stands for Big Move in 30min TF.Hello friend's, 🤗🤗This stock is mostly recommended for intraday player's of 15-06-2022.Oil sector is continuously growing. 🛢️ demands higher than higher. Gspl is going down and down. We are ready for both side moment.We will buy when price cross ❌ 235 & substain above min 10 min with the accurate target🎯 of 238,240. But in selling side we will go when price cross down 231.50 with the confirm 🎯 of 229,227.We Guys ready for big Moment in GSPL.
(Never try to enter in 1st candle 🕯)
Have a Nice day traders👍🤗🤗.
GSPL Diagonal Breakout Expected.Above provided Chart of GSPL, is based on Technical analysis and Elliott wave theory, where one can see there is a formation of Diagonal pattern in the minute wave C, of the minor wave 4, here there is a POSSIBILITY of ending wave 4, and start of Wave 5. If 5th wave is started one expect above targets.
Note - View's provided are for Educational purposes only, please do your own Research.
GSPL : Ready to Fly. Target Rs. 387 & Rs 440. GSPL consolidated towards lower levels of 300s and has met enough demand to sustain these levels for the past few weeks. Negative MACD is waning from sell-side to buy-side. One can take a medium to long term position in this stock. Fundamentally this company is doing very well. Increased its topline revenue and market share. Trading at P/E at lower levels of 11 against the sector average of 26ish. The biggest competitor is Adani Total which is trading at an insane valuation of 350+ P/E. Keep adding at lower levels of Rs300 with a target of Rs387 (Previous Top) and 127% of Fibonacci extension Rs 440.
Disclosure: I am invested in this stock from 320 levels.
Enjoy Trading. I'll keep updating.
Regards,
Robus.
Gujarat State Petronet LtdNSE:GSPL
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📈 Swing / Positional Trade - Daily Chart | Pre-Breakout 📈
Buy above = 315.50 - 316 (Breakout)
Stop-loss = 306 - 305.50
Target's = 375 - 376
R:R = 1:6
Pattern = Falling Wedge
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📈 Technical / Fundamental Reason's To Trade 📈
Clean & Simple Pattern
Tight Consolidation
Above - 200DMA
After Successful Breakout It Will Close Above 20-50 EMA (Will Work As A Great Support)
📈(Risk Must Be Managed.)
🙄Keep Your Eyes On Index
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BULLISH FORMATION IN GSPLOn the 1 Hour Chart of GSPL, we can witness a beautiful Bullish Reversal Pattern Formation of "Hammer" on the downside levels. Thereby, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Moreover, the stock is being expected to initially face a resistance at the levels of 307.50, 310.50, and 315. In addition to this, the stock may face a support at the level of 297.45. Closing Price (as on 06.12.21) : 304.15
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
ASSENDING TRIANGLE PATTERNNSE:GSPL GSPL Positional View. Good to go long
REASONS TO TRADE:
UPTREND
ASCENDING TRIANGLE
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Disclaimer
I am not Sebi registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing
ABOUT THIS PATTERN:
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.