GUJARAT GAS - Strong bullish BO: Expecting 30% ROI!Overview & Observations :
1. Moving up from the 50% Fibonacci support level.
2. Volume Confirmation: Good volume on the breakout candle.
3. Price structure indicating upward momentum. Forminh HL-HH
4. Good rejection candle in W tf means, buyers are strong and dominant.
5. The RRR (Risk:Reward Ratio) is favourable.
6. Steady earnings growth, with good quarterly results potentially triggering a strong move.
Trade Plan:
- Entry: At CMP around 600
- Stop Loss: 10-15% below the entry on closing basis.
- Target: Aiming for a 50% upside potential and TP
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Gujratgas
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.
Gujrat Gas Ltd. Possible Breakout in Gujrat Gas Ltd.
Best Buy:
After breakout of the triangle pattern @ 500 to 510
OR
Buy if found near support of 470-480.
Stop Loss : 460 & After breakout 470-80
Target:
570/640/700/750+++
Reasons to buy:
1: Good weekly support from the bottom.
2: Possible Symmetrical triangle breakout.
3: Trending just above the 200ma.
4: Taking good support from the 200ma line.
5: Good ROI.
PS: Kindly trade with strict Stop Loss , as Symmetrical Triangle may break in any direction.
Thanks
Disclaimer:
This idea is only for EDUCATIONAL purpose.
Kindly trade at your own risk.
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.
Gujrat Gas: A trial of ascentGujrat Gas hit a high of 704 on 22nd june and since then it has been trying to reach that but has not succeeded yet. It has formed an ascending triangle since then. Nice build up has been noted since then as the price is making higher lows and the volume is going down. Can be bought at CMP for a target of 704, 744, 809 with a SL of 600. You can consider this for long term with the higher targets.
Message me or comment for faster updates. I am not a financial advisor and this is for educational purposes only.
Ascending traingle pattern on Gujarat Gas On the Hourly Timeframe the stock is forming a ascending traingle pattern which is a bullish pattern and indicates a good bullish momentum in the stock. The stock is looking very good for trade as the lower volumes is also confirming the pattern. RSI is at 60 levels which is also indicating a good upside momentum. It can give a good upside momentum in the coming session one can trade the stock for the following targets.
• Target 1 - 685.20
• Target 2 - 693.65
• Stoploss - 666
Disclaimer - This post is strictly for education purposes and I can be 100% wrong here so please consult with your financial advisor before investing.
GUJARAT GAS - Multi time Frame Analysis 1hr + 1 day
INDICATORS USED:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
H/Blue Candle: Selling Divergence
L/Yellow Candle: Buying Divergence
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The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!