ON 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.
Checkout 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...
Gujarat 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...
-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
The 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
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...
Dear 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
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...
BUY - 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!
Long stock above the BO of resistance level as well as support of 50 EMA level @665 for the target price of 730. SL below the BO candle. This is for your education purpose only.
In the Weekly Chart of GUJALKALI ,
we can see that; it has given REJECTION for Cup & Handle breakout.
Enter on breaking its high at 695 with SL as 671 and Target as 767.
1:3 Risk can be achieved by booking profits at 767.
