GUJGAS
Cup and Handle BreakoutCompany with 0 Debt , 1200cr Cash balance, has good MTM 1000cr+ profit in investments made, and even at lowest Operating profit levels the company can generate around 600cr Free cash flow
Target - 230 to 240
+ve triggers - China Urea Ban, Buyback/Dividend (Since cash bal is >1000cr)
GUJGAS: Potential fall before riseGUSGAS seems will follow it's pattern.
First it will fall to the trendline and then will rise.
RSI also conforms the same.
Trade:
BUY above 533, SL: 528, T: 536/540
SELL below 529, SL: 533, T: 526/522
BUY VIEW GUJRAT GAS LIMITED
It looks like the price has given breakout and retested it's support of 503 successfully.
We may see an upward side in this stock in upcoming days.
BUY NOW
SL - 503
TARGET - 541 / 579
THIS IS JUST A VIEW. YOU SHOULD DO YOUR OWN RESEARCH WHILE DOING INVESTMENT OR TRADING
GujGas Down Trend | Short tradingIf we see it overall making lower low and lower high in week time frame and day time frame
- but there sub trend is going on higher high and higher low so it has finished its mountain climbing but now its time to down step for few days
- it looks good opportunity now for PE buy option
happy trading
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.
#gujgas Swing Trade OpportunityNSE: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).
📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 503.80
SL :- 458.40 (Closing Basis)
Target Open on trailing basis.
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******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 Ltd - 25.02.2022Gujarat Gas Ltd - 25.02.2022
The stock is trading @ 600 levels
There is a RESISTANCE @ 615 levels
There is a BULLISH HARAMI in Daily Chart
Stochastic is oversold in Daily Chart
The prices are below EMA
Let the prices go above 631 (Fib Levels) for a fresh buy position
watch out for the price action