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. ...
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...
GUSJGASLTD is trading @ 710. The stock will hit 745 zone very soon. Then we can see a higher low from the PRZ are.
Play both the side. Trade with RISK Management.
Gujarat Gas
Consolidation Broke-out. small correction may come but can see new heights in coming weeks.
Buy levels: 626-680
Targets: 710, 760
Support: 621, 578
Invest Wisely! Good Luck!
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...
Gujarat gas
Gave good breakout with nice volume and convincing candle.
Results were good.
Delivery quantity had been good since last three weeks, showing buyer's interest. ...
Trading at ATH levels.
Buying on every dip.
***Kindly do your own analysis. I am not responsible for your profit or loss****
After consolidating for three months the stock has given a good breakout from the box channel.
Good volume has been added.
The stock is fundamentally good.
Target duration - (3 months)
So I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'.
All of these reasons are based on technicals and indicators.
Reasons
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1. Breakout in Daily charts with high volume.
2. Breakout of 0.382 Fibo levels.
3. Both RSI and MACD suggesting an upmove.
4. Share price crossed 20 DMA while being significantly above 100DMA &...
![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]")
