GUJGASLTD
GUJGAS AT STRONG SUPPORT ZONEcmp 430
buy upto 400
target 450 / 460 / 470 / 480 / 500
cbsl 390
1) triangle pattern
2) strong support
3) value addition
4) at good numbers
Regards...
Keshav...
03/10/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
GUJGASLTD - Entering Stage-2 with strong candle - Stage analysisThe analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
Here you can see how the chart first started off from stage-1 phase and gave a strong rally in stage-2 thereafter cooling off in stage-2 (distribution phase) and finally falling in decline phase.
Again the stock has been in accumulation phase for past 25-28 months and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
GUJARAT GAS LIMITED - Bullish Swing Reversal with VolumesNSE: RITCO is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 15% to 22% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
GUJRAT GAS: Bullish Reversal candidateStock has given a thrust out of the triangular pattern and reversed back, regaining it's long term moving average of 200-EMA. Stock has given a breakout of the falling trend line and broken the highs of past 1 year.
These observation suggests that pices are likely to move higher towards 700 in the coming months.
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)
LD to start withThe price moved in a 5 wave up.
This could be a probable Leading Diagonal of the fresh move that started.
Risk Reward looks favourable for buying near the zone and we would look to buy the scrip for at C / 3 up.
Invalidation point 453.
Lets see how this develops.
Please note these are personal views and we are sharing as we find it an interesting idea and may even look into trading.
This in no way is a Buy/Sell recommendation. Please consult your financial advisor before taking any decision.
GUJGASLTD long for short termNSE:GUJGASLTD - stock moving up with high volume which is almost 9.9m highest after one year, as per Elliott wave theory stocks looks in correction in daily/weekly TF, but in hourly TF looks bullish. There are two possibilities in the ongoing impulse wave which is as followed.
Pos 1 - can be impulse move
Pos 2 - can be X wave
in both the Pos approx. 20 % upmove possible.
"GUJGASLTD" on the bullish trendNSE:GUJGASLTD has crossed the 200 DAY Moving Average and we can see it soon hitting :
TARGET 1: 510.75
TARGET 2 : 512.75
STOP LOSS: 500.45
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
GUJARAT GAS||08-12-2022||SWING AND SHORT TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Black up and down arrow--touches of resistance and support line
In this chart, I can see good supportive trendline and whenever it hits the line it showing some bullish pattern candle and rises.
The Resistance Line was breached with very good candle
keep following We will grow like healthy society.
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