Gujarat Gas Ltd | Natural Momentum StockGujarat Gas Ltd | Natural Momentum Stock
Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India.
Financial : Strong
Market Cap = ₹ 38,216 Cr. ROCE = 31.2 % ROE = 24.2 %
Debt to equity = 0.02 Promoter holding = 60.9 %
Quick ratio= 0.64 Current ratio = 0.66 Piotroski score = 8.00
Profit Var 3Yrs = 8.45 % Sales growth 3Years = 17.6 %
Return on assets =14.9 %
This stock is mow in proper momemtum zone . you can see the price action now rounding bottom create and trying to start in upward direction.
everyone can watch this stock and do proper research before investing.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Gujaratgas
GUJARAT GAS 550CE OptionBroadening Wedge usually has a decent accuracy.
Moreover, it has made 6-7 attempts to cross the resistance.
Trigger Based Trades
GUJARAT GAS LTDThis is no doubt a fundamentally good company trading at its low while its peers are trading a their higher levels. So it can be strongly assumed that this stock may perform in the upcoming time. Reasons for which GUJARAT GAS seems to be bullish on charts at least for short term:
1. Trend line support is been taken since the beginning of the month at Golden Ratio of the previous up trend.
2. A Bullish candlestick pattern has been formed.
3. The time cycle of 29 days (plotted as vertical dashed lines & rectangular boxes) indicates a reversal.
4. Risk Reward ratio is good.
The target seems to be at 504-520 with a minor hurdle at 486. SL remains to be 451 on closing basis.
CHART & ANALYSIS
ADARSH KUMAR DEY
GUJARAT GAS||08-12-2022||SWING AND SHORT TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Black up and down arrow--touches of resistance and support line
In this chart, I can see good supportive trendline and whenever it hits the line it showing some bullish pattern candle and rises.
The Resistance Line was breached with very good candle
keep following We will grow like healthy society.
Gujarat gas Gujarat gas looking good for midium term or swing
-1st conformation price taking 200.ema support
-2nd conformation triangle pattern break
- 3rd consolidation area
-4th month cpr narrow chance trending move
Above 525 take entry
Sl - 7.5%
Target around 19%
But
After 1:1 trail sl according to you
Simple Trade Setup | GUJARAT GAS | 30-05-2022 [INTRADAY]NSE:GUJGASLTD
Observations:
1) On 1day Time frame, we can see it is following the double bottom pattern price action.
If it sustain above yesterday's high then we can see upward targets till 600-610 range
Please refer below chart : 1day time frame.
2) On 15min time frame, we can see short term resistance trendline.
Please refer below chart : 15min time frame.
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Trade Setup for 30-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalGujarat Gas LTD
Stock trading at its strong resistance level & also about to break its 4 month old trendline
Positionally Buy above 570-575 levels, in case of gapup or gap down avoid setup
If price hold on this levels on closing basis, then hold for mid to long term view.
Market may correct more, so beware and do own analysis before taking trade.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
Gujarat Gas - Low Risk SetupEntering here is good for the risk-reward ratio in the trade.
If the stock doesn't break the parallel channel downside, may rise to the levels of 700/730 or even more in the coming days. For exit, follow your risk management every time.
For learning and sharing purposes, not a bit of trading advice.
Please comment with your views.
Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]NSE:GUJGASLTD
Observations:
1) On daily time frame, we can see it take good support from 200DMA and bounce back.
But still in the downward parallel channel. Breakout of parallel channel will make it in up trend.
We can see major resistace at 640 level.
Please refer below chart : 1day Time Frame.
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For positional long trade
there are two options.
1) Better to let it give sustainable breakout of 640 level. Short term target of 720 and mid term target off 800.
2) If it gives dip till 600 level then one can also take long positional trade. Target will be same.
Keep SL 585 or as per your capital risk capacity.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
GUJARAT ALKALIES TREND ANALYSISaccording to yesterdays market, we have seen a bullish trend in this stock. my yesterdays intraday target prices hit twice yesterday. and now i did a analysis for todays market.
if market opens in bullish trend and out of this values then i will post a new analysis of this stock.
but if mrket opens within this values and then it show a bullish trend then the intraday values will be
BUY at 665
1st target :- 670
2nd target :- 675
Stop Loss :- 665
and if market open within values and goes in bearish trend then the values will be
SELL at 658-656
1st Target :- 652
2nd Target :- 648
Stop Loss :- 661
this is only for education purpose this is not a trading call....
if i am wrong in some point then please let me know...
Thanks in Advance...
Hope for the best ........
Simple Trade Setup | GUJGASLTD | 20-09-2021 [intraday] BSE:GUJGAS
I am posting it, on request from one of the follower.
Observations:
1)On Daily Time frame: Today, 17-09-2021, it gave bearish red candle. Since it open today it faces resistance from 685 level and good thing is that it closed above immediate support 660 level.
Breakdown of 660 level will lead it to 653 level and breakdown of 653 it will lead to 645/644.
645 is last support level. It may show bounce back from this level.
On breakdown of 645/644, it will be more bearish till 630 and 620 level.
Please refer below chart : Daily time frame.
2) On 15min Time Frame: it has been trading in parallel channel in downtrend. And now it is just at the bottom trendline of parallel channel. If it bounce from here then it will reach till middle trendline of Parallel channel. But it if breaksdown the bottom channel then it will be bearish.
Please refer below chart : 15 min time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Gujarat Gas Breakout Analysis1. Fundamentally strong Stock
2. @ Support Zone
3.TGT 780 if Trendline Resistance Break upside
4. if 687 level Break 598 will be short TGT
*Long & short Tgt performance will be Based on Market condition & Trend.
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
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Clean and clear breakoutGujarat gas
Gave good breakout with nice volume and convincing candle.
Results were good.
Delivery quantity had been good since last three weeks, showing buyer's interest. ...
Trading at ATH levels.
Buying on every dip.
***Kindly do your own analysis. I am not responsible for your profit or loss****