GSPL CMP 303 Ascending Triangle BOGSPL CMP 303 dated 30-5-2023
1. Ascending Triangle BO done @ 298.
Buy @ CMp for target 335 SL 288
It is just a view, pls trade at your own risk.
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About GUJARAT STATE PETRONET LTD
Sector
Utilities
Industry
Gas Distributors
Headquarters
Gandhinagar
Website
gspcgroup.com
Founded
1998
ISIN
INE246F01010
Gujarat State Petronet Ltd. engages in the business of gas transportation through pipeline. It operates through the Gas Transportation and City Gas Distribution segment. The Gas Transportation segment comprises transportation of gas through pipeline. The City Gas Distribution segment engages in the distribution of gas to end users. The company was founded on December 23, 1998 and is headquartered in Gandhinagar, India.
GSPL: short term spurt expected in pricesWith Parabolic SAR triggering buy signal, we expect the price to hit 298.5 ion a day of two.
⚠️ Keep an eye on the stock for a breach of the Fibonacci level upwards before initiating a long position. Don't forget to place a stop-loss order below the recent swing low to protect your capital 💰.
GSPL: Range Breakout of 1 yearGSPL is on the verge of range breakout. Keep on radar for closing above 285. Recently Government has announced a policy for Gujarat based PSU's regarding dividend/Bonus issue etc. Can expect a good momentum as seen in chart structure.
GUJARAT STATE PETRONET - 56% RETURNS!!!BUY - GSPL
CMP - Rs. 287
Target - 1: Rs. 350
Target - 2: Rs. 400
Target - 3: Rs. 450
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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GSPL - Daily- Trend Line BO with huge volumes. The purple dot signifies big hands
- The price is above 200EMA and moving in a channel.
- We can enter at the bottom of the channel for better RR or we can wait for channel BO.
Gspl price volume action multiple breakout Buy gspl cmp 294 cmp tgt 350-400-450-500
ABOUT
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.
Gujarat State Petronet Limited alongwith its subsidiaries is primarily eng
Multiple bounces from the Father of all moving averages (200EMA)A good dip towards the 200ema. Personally long on this script with a small SL of around 1.5% for a target of 6-7% .
GSPL LongPositional trade , stock consolidated good after the big move forming a bullish pattern and holded the lows
1:1 RR
GSPL GSPL chart is looking very strong with momentum & volumes building up. Keep this setup in watchlist
GSPL - Ichimoku Bullish Breakout Stock Name - Gujarat State Petronet Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 295
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
