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Gujgaslong

#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.
NSE:GUJGASLTDLong
by linesandlevels
2
Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]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. ------------------------------------- For positional long trade there are two options. 1) Better to let it give sustainable breakout of 640 level. Short term target of 720 and mid term target off 800. 2) If it gives dip till 600 level then one can also take long positional trade. Target will be same. Keep SL 585 or as per your capital risk capacity. ------------------------------------- Trade Setup for Date 01-11-2021: 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. 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. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:GUJGASLTD
by Trading_hawk
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. ------------------------------------- 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.
NSE:GUJGASLTD
by Trading_hawk
2