Gujarat 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...
Entering 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.
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.
according 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...
I am posting it, on request from one of the follower.
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...
1. 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...
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****
Gujarat Gas had posted a fantastic result and had a very good Price / Volume action yesterday. The stock had a follow through with strong Price volume action and the price made a decisive breach of the range that was respected the last several days (~ 3 months)