GHCL- Could see regaining the highsVolume 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 could be a good buy at CMP level with SL at 460. target could be 524/550/588/690.
CMP 502.75.
Note: I am not a SEBI registered RIA. The views are my outlook and is not an invite to trade. please use your own due diligence before trading/investing
GHCL trade ideas
GHCL Cmp 689 dated 13-9-2022 BOOM ABOVE 700GHCL 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 amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
GHCL: Reversing at PC Support | Coming Days Target 860 (30%+)Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC
GHCL (CMP: 649.15)
Technicals:
-Respected the midline of PC at 680 levels and went down to lower line
-Recently tested the lower line of PC at 600 levels and taking support of the same
-Confirming candle for close above 660 will take to the target of 860 in near short term
-For Swing Trade
Entry-660
Target 1-860
Target 2- 1080
SL-579
Fundaments:
-Company's fundamental are strong, good pick for LT portfolio
-Tata Chem is stronger peer
-FA Analysis: Performance Highlights – Q1 FY23
Revenue( Cr ) Q1 FY23:1371 Y-o-Y up 96% Q-o-Q Up 7%
EBITDA( Cr ): 429 Y-o-Y up 169%,Q-o-Q Up 4%
PAT( Cr ) 339 Y-o-Y up 300% Q-o-Q Up 39%
-If view didn't go well at this stage, next support is at 400 levels, Good level to add more
-Weak point to look for is lower promoter holding
GHCL - Bullish Candle with Volume BreakoutNSE: GHCL has broken out from the consolidation range.
Today's volumes and candlestick indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with the trendline support over the past few days which is creating the uptrend.
One can look for a 7% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
POSITIONAL TRADE, GHCL GHCL IS A MICROCAP STOCK, ,MCAP of 5500 cr
ROCE:-26% ROE:-24%
Fundamentally Strong stock
setup:- ENTRY(day timeframe) - only if we spot healthy green with good volume candle at our retest leval
entry should be taken above at the highh of that healthy candle
stoploss - only if the candle closes below our stoploss level
views are for educations purpose only
Needs closing above the box Else !
Hello @pacifiedLizard58732
As you have requested
For Short term view
as of now Its looking like the double top along with divergence in RSI so untill it gives closing above the box it most probably going to correct to the lower range to confirm this you need one Red closing and and below that level you can short it (as per me).
those who have invested in this 2 years back already they are sitting with more than 10X returns so any kind profit booking is justified so if invested at that than please do book 50% of your holding and leave the rest and enjoy.(me interested to see this)
But still stock is in uptrend (as of now on bigger tf) slight signs of exhaustion is seen in the script ,
for long term you may see Targets 1060 and 1673 for those who accumulated this script in the range of 200-300 still this range in buying zone if any sort of correction is there.
hope I manage to clear your perspectives.
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
GHCL : Keep it under watch...From its breakout at 483, the price reached a high of 591 to end the week at 573.
Will wait and watch the zone between 543 and 586 for tight price consolidation with an upward tilt. Breakout above 586 with supporting volume will be positive.
Target of 686 and can be revised based on further stock movement and strength.
Keep a strict stop loss as per your risk management.
Watchout for ATH breakoutThe stock is coming to test it's ATH again after 3 previous rejections. Buy above 682 level for further upmove.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar