Flag Pattern #GNAafter decent up move and minor consolidation, stock is again moveing our of consolidation range
GNA trade ideas
GNA AXLES IS BREAKNGOUTTHIS CHART IS LOOKING PROMISING AND CAN DELIVER A GOOD RETURN . PUT A STOPLOSS NEAR SWING LOW AND RIDE THE MOMENTUM FOR 10% MINIMUM GAIN FROM HERE.
Watchout for Resistance breakoutThe stock looks good above 468 level for 5-7% further upmove positionally
GNA: VCP PATTERN FORMATION
NSE:GNA
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
BUY GNA AXCELit has given pole and flag pattern breakout in weekly chart. we may see 620 in coming months. it can be accumulated between 442-410. view negated below 370 weekly clbs
Swing trade: range breakout done with volume GNA has given a range breakout it may halt or dd some retracement after this big move.
so we can buy if it breaks last high and best setup will be if it breaks after gap of 1-2 days.
Buy above 451 Sl below 400.
GNA Axles 3yr C&H BreakoutMoving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
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BREAKOUTIt can reach till the resistance level. Can be taken long for swing trade .do your own analysis before investing.
Video Analysis of GNA. accumulating at these levelsVideo Analysis of GNA. accumulating at these levels
GNA AXELS- Weekly Chart
- Strong fundamentals
- Poised for breakout
- Looks good for swing/ Positional trade after break of resistance line
- First target ATH, Use trailing stop after that
- Manage risk using stoploss and position sizing
Buy GNA AxlesMy idea is for educational purpose.
Buy GNA axles @ 400 level, more at declines. For short-term target of 10-20%. Its good stock to hold for long term.
