GOKEX- a bear trap for tradersThe stock's positive performance enticed traders to purchase at elevated levels, leaving many currently trapped in the position. Entry and exit points are indicated on the chart.
GOKEX trade ideas
Inverted Head and Shoulders Bullish Pattern - "Gokaldas Exports"
✅ Small cap stock
✅ Above 20 moving average (blue line)
✅ Near Breakout Point
✅ Bullish Pattern (Inverted Head and Shoulders)
✅ High ADR
✅ Good Liquidity
⚠️ Earnings Release Date soon (6th August)
Note - Volumes on 11th July were extremely high 4.6M compared to ~300K average daily volume.
Symbol - NSE:GOKEX
Disclaimer - Sharing this for my own research and study. I am not SEBI certified.
GOKEX bullish; above 1022 ? - Tuesday 6th Aug.GOKEX: Bullish if ~ 33-week resistance is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
#GOKEXvcp pattern formation and tight consolidating strong breakout happen and volume is also incresing
Gokex : Breakout - to be sustainedGokex :
Good breakout in progress
Need to sustain 980 levels for an all time high
Gokex buy for target 1000Buy gokex for target of 1000 in 4-5 sessions
Can be held longer based on your trading style
Bullish Breakout in Gokaldas exportsA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GOKEX
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
#GOKEX #NSE - BREAKOUT ALERTGOKEX - Ready for a breakout.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
GokexHave been eyeing this closely since the past fortnight. Was nicely getting tight during the market pullback. Gave a good closing to allow an entry towards EOD, looking to build size in this ahead
BREAKOUT, GOKALDAS EXPORTS, 65% RETURNSBUY - GOKALDAS EXPORTS LTD
CMP - Rs. 766
Target - 1: Rs. 1030
Target - 2: Rs. 1269
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Timeframe - 2 months - 8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
Short Term IdeaGOKEX
Entry 550-559
Sl 526 (D.C.B)
Tgt 615-660
Disclaimer: I'm not a Sebi Registered Advisor.This is not any kind of Recommendation to Buy or Sell.
Thanks and Plz Like,Comment and Follow for such updates.
Gokaldas Exports hits 20% upper circuit on Atraco acquisitionGokaldas Exports hits 20% upper circuit on Atraco acquisition
With this acquisition company will gain access to low-cost duty-free locations for manufacturing.
Shares of Gokaldas Exports hit a new high of Rs 735, as they surged 20 per cent on the NSE in Tuesday’s intra-day trade after the company through its wholly-owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across the US and Europe.
At 09:55 AM; the stock was quoted 19 per cent higher with trades of around 29.70 lakh shares on the NSE. Meanwhile, the benchmark Nifty 50 was up 0.2 per cent at 19,350.
Gokex....next target ,,,around 600Gokex....next target ,,,around 600. today the stock broke out of all times high..
Formation of cup pattern1.Resistance at 519.90 once it break it out it will give more than 15 -20%
2.Break of trendline
3.Suitable foe BTST trade
min target 529
GOKEXBuy: Next open price
Sell: Will update, will review every weekend.
S/L: No need, will review every weekend.
GOKEX on Breakout; above 428 for Intraday on TuesdayGOKEX on Breakout and with good volume; above 428 on Tuesday 21ST Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
GOKALDAS EXPORT WEEKLY CHART UPDATE NSE:GOKEX
from last 2 weeks stock look in a good strength...after sustaining the 425 level it will be achieve 500 mark....
note:- This prediction is based on my individual fundamental research and technical knowledge, do your own research before buying the stock.
GOKEX - Long viewThere has been a breakout of a consolidation with the average amount volume.
414 is an area of resistance that has been marked on the chart.
So if you want to go long then consider the fact that the price has just closed above the EMA200.
Above 414 would be a good point to enter this counter with a stop of below 385.
437 would be the next target and if that has been taken out then we can expect 473 and then further target of 520
ACCUMLATION SIGN2 vcp cup also shake out done and not correcting along with market in alst few days correction .wait for vol emergeance
gokexneed to cross 385 for a very good upside move , 385 will act as a resistance above 385 could expect 491. place stop loss around 331
