Gujaratgasanalysis
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.
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.
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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