Positional
Gujarat Gas Ltd for positional trade with good risk and rewardI am sharing chart of Gujarat Gas,
The chart is on weekly time frame.
For positional trading we can consider this stock for a target of 563
with a strict SL of 470 (on weekly closing basis).
Risk is of just 20 points and reward is around 70 point.
I have used XABCD pattern to identify the possible next swing or you can say target.
The stock is trading above point B and it should reach point D which is at 563.20.
PVR - Positional SetupThe stock has shown a bounce-back in recent trading sessions. If momentum continues it may move further. Try to buy as near as 1830 if comes there. If closes below 1820 for a couple of days, then it may go weak.
Only for learning and sharing purposes, not a trading recommendation.
In any strategy or trading setup, the most important thing to keep in mind is risk management.
The thing that will help you to sustain in the market in coming times .
Wish you good luck.
Voltas - Long SetupThe stock is trading in a range for the last 4 months. if gives a breakout at 1065, and sustains above, then may go to 1250 levels or more. Sustaining below 950 will show weakness on the charts.
only for learning and sharing purposes, not a bit of trading advice.
please share your views with comments.
All the best.
GOCOLORSTracking it since very long.
There are two patterns which are visible on chart first one is cup and handle and secondly round bottom.
I'm expecting it to give CNH breakout and and complete round bottom as it's target.
Targets are marked.
My SL will be 1100 DCB.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR#stockmarketeducation #marketnews #share #trader #invest #financialfreedom #nseindia #sharebazar #technicalanalysis #mutualfunds #stockmarkets #forex #warrenbuffet #cryptocurrency #entrepreneur #zerodha #shares #ipo #startupindia #daytrader #investingtips #wealth #equity #bitcoin #bseindia #market #businessnews #mumbai #investors #daytrading
BULLISH on ELGIEQUIP (Positional)NSE:ELGIEQUIP
There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months.
Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR
According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum.
SL : 1948.20
Target 1 : 2456.40
Target 2 : 2625.80
Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.