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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Gujaratgasltd
Break Out in Gujgas daily TFGujarat Gas Ltd was given a break out in daily TF with huge volume of 1.74M, last 17 trading days the stock was in between a range contraction of 612 to 663.40 (8.40%) with 17 days total volume of 20.73M, today it was given a awaome breakout along with the NIFTY_OIL_AND_GAS sector, Expecting a short term mommentum in Gujarat Gas Ltd
GUJGASLTD - Entering Stage-2 with strong candle - Stage analysisThe analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
Here you can see how the chart first started off from stage-1 phase and gave a strong rally in stage-2 thereafter cooling off in stage-2 (distribution phase) and finally falling in decline phase.
Again the stock has been in accumulation phase for past 25-28 months and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Gas on GrowthOil and natural gas Prices are getting Hotter due to geopolitical instability.
Gujarat Gas is one of the beneficiary during this time and look at the chart it looking charming we might see the upside upto 595 in very short times and 620 further.
Educational purposes only there is involvement of risks of geopolitical and global events. so make your investment and risks carefully.
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
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.
GujratGas Swing Trade Opportunity NSE:GUJGASLTD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
GUJARAT GAS NEARING BREAKOUT AT 700The Chart shows the levels at which support and resistance can be found.
After climbing in two back to back sessions it seems the momentum is maintained.
GUJARAT GAS can breakout at 700 LEVELS. KEEP IN WATCHLIST.
Disc:
I am not a SEBI registered analyst. Do your own research before buying.
Tweets/charts are for education purpose only.
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 ........
Gujarath gas reversal setupGujarat gas is very bullish stock with major buy on dips. It badly needed a correction and it has corrected for more than 10%. It has formed a bullish bat pattern with reversal zone around 655 levels with a trend line as a dynamic support and 0.5 fibonacci retracement of major swing
Possible reversal levels : 645-655