3 Amazing swing trading idea for 26 December MarketsI daily make educational content videos for swing / positional trading
Gulf oil trade idea: This idea is about a breakout trade that went sideways at the breakout point and is currently in a no-trading zone, pink zones tell you about what to do next
Axiscades trade idea: This idea is about the weekly time frame breakout, its at a strong resistance area of a hidden parallel channel, needs a strong closing for the same
Indigo trade idea: This idea is also a breakout idea on Daily time frame but needs to follow a set of market structure from here on and price action to give a nice trade activation
GULFOILLUB
Gulf Oil cmp 1153.65 by Weekly Chart viewGulf Oil cmp 1153.65 by Weekly Chart view
- Support Zone at 1060 to 1100 Price Band
- Bullish Head & Shoulder made over 8 year's long timeframe
- Weekly Support at 1000 > 875 > 680 with Resistance at 1310 > ATH 1513.55
- Stock had briefly broken down the Support Zone but recovered over last 2 weeks
- Seems like the stock is picking up and closing above the Support Zone since 26th November is a positive outcome
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 .