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GTPL

GTPL - Symmetrical Triangle Breakout with Retest - Bullish LongGTPL Hathway Ltd. (NSE: GTPL) has recently broken out of a symmetrical triangle pattern on the daily chart. The breakout has been followed by a successful retest, indicating a strong bullish signal. A Symmetrical Triangle Breakout would indicate a continuation of prior trend, which is bullish in the long-term, as shown by the Monthly Chart below. I have also given a possible long-term channel for GTPL. The support at the bottom of the channel has been tested multiple times, as shown. We'll have to see if the top also holds but that is a long time away. On the Monthly time-frame, the RSI is also on an upward trajectory, as shown. Please comment with your views on the set-up. Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:GTPLLong
by gurinder1988
Bigggggggg Weekly Inverted H&S Breakout in GTPL Hathway A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:GTPL MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:GTPLLong
by raigvivek
Can we catch the momentum in GTPL?GTPL Hathway is a very volatile cash stock which has given wild one sided moves in the past. As seen in the chart, stock is in strong uptrend and has reached a supply zone of 185-190. Price action at CMP is going to be interesting. A consolidation before breakout is always healthy. However, if the stock sustains above 190, it can be a risky swing trade for explosive targets of 205, 224, 240++. SL can be below 168 DCB which is this week's low. Weekly golden crossover is nearing in the stock which can be an indicator of continuation of momentum. Weekly RSI is overbought which can be a signal of consolidation/retracement so trade as per your own risk and keep trailing your SL immediately. Idea has been shared for educational purposes only!
NSE:GTPLLong
by chartistamey
GTPL FOR UPTO 50% UPSIDE MOVEInverted Head and Shoulders Breakout on GTPL Stock Pattern Description: The Inverted Head and Shoulders pattern is a bullish reversal pattern that typically forms after a downtrend. It consists of three lows, with the middle low (the "head") being lower than the two outside lows (the "shoulders"). When the price breaks above the neckline, it signals a potential trend reversal to the upside. Volume Confirmation: Volume Increase: Look for a noticeable increase in trading volume when the price breaks above the neckline. This surge in volume indicates strong buying interest and adds confirmation to the breakout. Moving Average Crossover: Crossover: We have a bullish crossover of the 50-day Exponential Moving Average (EMA) crossing above the 100-day EMA. This crossover suggests a potential shift from a medium-term downtrend to an uptrend. Entry Point: Entry Price: Enter the trade on the retest of the breakout level, which is at 150. This retest can provide added confirmation that the breakout is valid. Price Targets: First Target: Set the first target at 190. This level represents a reasonable short-term target, and it's a common area for traders to take profits. Second Target: Set the second target at 230. This is a higher target that allows for the possibility of an extended bullish move. Stop Loss: Stop Loss Price: Place a stop loss at 135. This level is below the right shoulder of the Inverted Head and Shoulders pattern and provides a reasonable buffer to protect against potential downside risk. Rationale: The Inverted Head and Shoulders pattern is a reliable bullish reversal pattern that suggests a shift in sentiment from bearish to bullish. The volume confirmation indicates strong buying interest and validates the breakout. The 50-day EMA crossing above the 100-day EMA signals a potential change in the trend direction. Entering on the retest of the breakout level can help reduce the risk of false breakouts. Setting clear price targets and a stop loss allows for effective risk management and profit-taking. Trade Management: Once the price reaches the first target at 190, consider taking partial profits to lock in gains. Move the stop loss to break-even or slightly above to protect against any potential reversal. Monitor the stock's performance and news that may impact the trade to decide whether to hold for the second target or exit the position. Risk Considerations: All trading involves risk, and there are no guarantees of profit. Ensure that you have a well-defined risk management strategy in place. Be prepared to exit the trade if it does not go as planned and the stop loss is hit. Keep an eye on overall market conditions and news events that could impact the stock's price. Remember to conduct thorough research and analysis and consider consulting with a financial advisor before making any trading decisions. Trading involves risks, and it's important to manage those risks effectively. ************************************************** The following trading idea is provided for informational purposes only and should not be considered as financial or investment advice. Trading stocks and other financial instruments involves risk, and there are no guarantees of profit. Before implementing any trading strategy, it is essential to conduct thorough research and analysis, and consider your individual financial situation and risk tolerance.
NSE:GTPLLong
by ZoneFlow
watch for resistance breakoutbuy above 192 which is very long term resistance. buy can be initiated for both intraday and swing trade for swing trade keep stoploss hourly candle close below 175 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:GTPLLong
by stockkar