GUJAKALI - Uptrend with Upside BreakoutStock is currently moving in an uptrend accompanied by breakout from triangle pattern.
Stock also has some good volume. A solid example of Price Action Stock.
GUJALKALI trade ideas
Gujarat Alkalies & Chemicals LtdDate 15.09.2024
Gujarat Alkalies & Chemicals
Sector : Chemicals
About Company :
Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye. Its manufacturing facilities are located at Dahej and Vadodara in Gujarat
Regards,
Ankur
GUJALKALI GUJALKALI showing resistance breakout with decent volume on long term chart. Some traction observed in chemical sector in recent days
Gujalkali - at Rejection level - Might breakoutGujalkali :
At strong resistance levels
Previous rejections
Need to close above 840 for possible strong upmove
if anybodywants to see the pattern failure just watchcup with handle pattern broken.and hold the level now it is started to fall.
Buy GujAlkali for targets of 1000/1500GujAlkali has reversed from strong support zone.
Should reach a target of 1000 in one month and 1500 in 6 months
Up move coming with squeeze momentum support
Buy GujAlkali for targets of 1000/1500GujAlkali has reversed from strong support zone.
Should reach a target of 1000 in one month and 1500 in 6 months
Up move coming with squeeze momentum support
#Gujalakali BullishON Major Swing Previous Swinglow SL wa taken.
Stock has made consecutive Higher high and Higher Lows.
Currently in Insidebar / Rangebound and ready to give a Breakout.
Maintain SL / RR for a better targets.
Amazing breakout on Weekly / Daily Timeframe - GUJALKALICheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN DAILY TIMEFRAME.
Gujarat Alkalies - Long consolidation BreakoutGujarat Alkalies is giving a strong breakout after almost a year. The stock is also forming ascending triangle breakout at the same time. If you closely observe the chart you will notice, the stock was in downtrend since Apr-2022 and now the long consolidation range is broken in upper side.The target of ascending triangle is 962 level which is also the immediate resistance level of the stock.
Disclaimer: The chart shared is for educational purpose only and does not have any buy sell recommendations.
Ready to break triangle pattern-Wait for volume to increase
-Rsi and other indicators are now neutral
-Institutions are building positions slowly slowly it will give sudden move keep in radar
Trying to give weekly trendline breakoutThe stock is testing its weekly trendline and trying to sustain as well.
810 is a strong resistance zone. A closing above that can push the price further up.
This is not a BUY/SELL recommendation.
This idea is for Educational Purpose only!
Learn & Earn,
Dr, Tanya Kumar
GUJALKALI Simple price action
Formed multiple InsideBar & gave powerfull brekout of multiple InsideBar.
Looks good for short term investment.
Trading at 766. Keep sl at 719...target 799 / 842/ 926
FUNDAMENTAL /About
Gujarat Alkalies & Chemicals Ltd. engages in the manufacturing and sale of chemical products. Its products include caustic soda group, special chlorine derivatives group, sodium chlorate, caustic potash group, chloromethane group, phosphoric acid, water treatment group, and hydrogen peroxide. The firm's products are used in various industries, such as textile, pulp and paper, soap and detergent, alumina, water treatment, petroleum, plastic, fertilizer. pharmaceutical, agrochemical, plant protection, dyes and intermediate, refrigeration gas, and epoxy. The company was founded on March 29, 1973 and is headquartered in Vadodara, India.
GUJALKALI#GUJALKALI - Is looking very good on the weekly chart. Good volume can be seen on the bullish candles and relative strength has turned positive.
GUJALKALI technical analysis for swing tradeDear Traders.
Please refer to chart. where i can see price break out in this stock.
we can see good upside in this stock and see levels of 800, 850+
in short term.
down side levels - below 700
Bearish bat patternBearish bat pattern in weekly time frame cmp 742 on 17.09.2023 it will reverse from the PRZ as marked
GUJALKALI ANALYSISChange in trend and good reversal can be played in this stock. A breakout with increasing volume will move this stock upward.
Breakout in Gujarat Alkalies And Chemicals Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BREAKOUT, GUJARAT ALKALIES, 60% RETURNSBUY - GUJARAT ALKALIES
CMP - Rs. 731
Target - 1: Rs. 962
Target - 2: Rs. 1180
.
Timeframe - 4 - 8 months
.
Technicals - Bullish Flag Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
