Gujarat gas forming lower highs and lower lows for a 9 month period.. now trying to change trend.While i type this its moved from 499 to 504. Buying here will give a target of 575+ in coming days 455 sl.
1) Stock has broken a strong support in weekly
2) The stock looks good for the target of 400 & 340
3) Book partial profits & use trailing Stoploss to catch a full move
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...
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...
The 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.
Gujrat Gas: neckline breakout on daily chart n 3hr chart shows upward wedge formation kindly keep on radar above 668 can show 675/680/700 with todays low as sl
Gujarat Gas Ltd
CMP:- 659.65
SL below: 630.00
Targets: 690.00 / 720.00+
A clear bullish reversal in the daily chart. RSI Strong above 50.
Buy on dip at around 650.00 / 655.00 levels for STT / MTT
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...
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...
Gujarat 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
Gujarat Alkalies
Buy @615
SL :- 602
1ST Target Price :- 630
2nd Target Price :- 640
Don't take it as a investment call
i am not sure am i right or wrong in this analysis......
The stock is consolidating since few weeks and is expected to take a reversal very soon. The stock is at the resistance zone and once it moves up look for near targets of 796,715 etc as shown on chart.
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...
![GUJGASLTD: Simple Trade Setup | GUJARAT GAS | 30-05-2022 [INTRADAY]](https://s3.tradingview.com/s/SArnMVGH_mid.png "Simple Trade Setup | GUJARAT GAS | 30-05-2022 [INTRADAY]")
![GUJGASLTD: Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]](https://s3.tradingview.com/a/AApuPONI_mid.png "Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]")
![GUJGASLTD: Simple Trade Setup | GUJGASLTD | 20-09-2021 [intraday]](https://s3.tradingview.com/e/e5VfJPir_mid.png "Simple Trade Setup | GUJGASLTD | 20-09-2021 [intraday]")
