Gulshan Polyols Ltd ready to break Resistance zone with high volume
The stock has been moving in an ascending parallel channel.
At the base of the channel, I see an ascending triangle which when broken out can see a good momentum kick in.
NSE:GULPOLY has already given 12X returns from its low of Rs19.60. It still remains at low PE than the Average Industry PE.
Further move of +40% expected!
need to consolidate to cool off RSI. Below 264 may go down to 240-234 level to get the support.
target 1 370
target 2 480
Breakout of Ascending Parallel Channel at 128
Multi-Year Rounding Bottom BO on Weekly Chart at 110
Golden Cross Over on weekly charts
Highest Volume Ever
Weekly & Monthly RSI > 65