GULFOILLUB
GULF OIL - Super Bullish | 7 Years ATH BO | 50% ROI potential!Price Analysis & Overview:
1. Good BO candle formation - showing strong buying dominance.
2. Exceptional volumes.
3. Great earnings.
4. RRR is favourable
Trade Plan:
1. Aggressive entry can be planned at CMP (1100) or wait for safe entry on pullback.
2. SL : 10%
3. TP = 1:2,1:3,1:4,1:5
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- 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
Gulf Oil Lubricants India Limited - Breakout Setup, Move is ON..#GULFOILLUB trading above Resistance of 1100
Next Resistance is at 1546
Support is at 925
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gulf Oil Lubricants Ltd - Breakout #GULFOILLUB
CMP ₹. 684/-
An undervalued stock with promoter holdings more than 70% . Low debt company with zero promoter pledge. ROCE & ROE improving. Sales & profit increasing YoY with positive cash flow and also company is providing a healthy dividend payout. Eventhough there is a little bit decrease in the promoter holdings , FIIs are increasing their stake. Technically also looking good. Breakout happened against 6 year long resistance trend line. Chart is self explanatory.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
