Gujaratpipavav
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 ........
GUJARAT PIPAVAV PORTS LONGHere is the weekly charts of Gujarat Pipavav Ports. (OPEN CHART FOR DETAILED VIEW)
Firstly, a historical crucial zone (117-112) is again in action. The price today crossed this zone but wasn't able to sustain above this 7 year old zone, and came back to the purple area. Here the volumes are very high, THIS MEANS THAT THE STOCK CAN GIVE A GOOD BREAKOUT.
Secondly, an inverted head and shoulders kind of pattern can be seen on the weekly charts. This is followed by a breakout of the pattern line.
These two major points shows bullishness in stock, but what mat create worry among traders at this point is the non-sustainment of the price above the crucial zone. Hence, this gives us two cases:
Risk averse traders are advised to take entry above 122 (sustainment)
Risk takers may take entry here
LEVELS
Entry: Above 122 for risk averse; CMP for Risk takers
Target 1: 132
Target 2: 156
Target 3: 172
STOP LOSS: 108
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: What else do we need
MACD: Bullish
Risk-Reward Ratio FAVORABLE
I would recommend going long on Gujarat Pipavav Ports (with prescribed levels) for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS...
LIKE AND COMMENT WHAT YOU THINK ABOUT IT...
THANKS!