GUJGAS (LONG) Levels are mentioned on the chart for the short and long term as well . Trade with given levels .
Follow for more in the future.
GUJGAS
Simple Trade Setup | GUJGASLTD | 20-09-2021 [intraday] 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 645/644.
645 is last support level. It may show bounce back from this level.
On breakdown of 645/644, it will be more bearish till 630 and 620 level.
Please refer below chart : Daily time frame.
2) On 15min Time Frame: it has been trading in parallel channel in downtrend. And now it is just at the bottom trendline of parallel channel. If it bounce from here then it will reach till middle trendline of Parallel channel. But it if breaksdown the bottom channel then it will be bearish.
Please refer below chart : 15 min time frame.
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Trade Setup for Date 20-09-2021:
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.
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.
GUJGAS has given strong breakoutAfter 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)
GUJGASLTD Going To Hit PRZGUSJGASLTD 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 - Long
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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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Clean and clear breakoutGujarat 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****
Gujrat Gas Breakout 1D chartSo 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 & 200DMA
5. It has crossed 20 MA, 100 MA, & 200 MA on 30m chart
I would suggest a strong buy on this stock but this is just my view. Analyze and fact-check everything yourself before taking a trade
Gujarat Gas - LongGujarat Gas is a long if daily closing of 315 is acheived. Can go till 350
Flag BO also identified.
Gujarat Gas Short Term TradeGujgas given Weekly Breakout on Buy Side. On Daily TF Enter to look long on the Evidence of Indecision or Rejection Or Bullish on the Support Zone.
Once Trade is Active, Will update on Target/SL
Would Also update if Trade doesn't get triggered.
