GHCL is in the business of chemicals, yarn, and commodity products.
The company is doing good fundamentally as well as technically.
Here are the details of the analysis-
CMP- 519.60
Target- 604
Stoploss- 484
Duration- 2-3 weeks.
Let me know what you think
NSE: GHCL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
Dear Friends,
This is an excellent set up with a limited downside.
The Risk Reward ratio is beautiful
Remember to follow the rules if you plan to take the trade!
GHCL is still bullish
GHCL above 508 level can be hold and when it close above 518, Target-1 551, target-2, 606, target-3 = 694
if below 506, next support at 484 and 453 level.
GHCL
Buy: 597
Target : 655
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer...
Based on the price movement, there was a period of consolidation where the price was trading within a range. However, the recent price action indicates a significant break above this consolidation phase, which suggests a continuation of the previous upward trend.
Initially, the pattern started during a downtrend as prices formed higher highs and lower lows within...
Volume increased. news based buy possible as issues with its production line is cleared and also dividend is also around the corner. the stock has closed above super trend line and also above the BB Middle Band. MACD is above signal and RSI is also seen as raising.
Stock is on consolidation since Dec 22. Accounting for the dividend of 17.5 per share, the stock...
GHCL Cmp 689 dated 13-9-2022
1. Rectangle Consolidation BO @ 700
2. Price Rise Volume Rise
3. Four Tops made
Buy only above 700 for a target 780-850 SL 630
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose.
By no means shall be responsible for any losses...
