GUJALKALI trade ideas
GUJRAT ALKALIESbox breakout in weekly chart
volume looks very good
buy on retest
sl closing bellow trandline
buy for long-term
A big move expected.!!!Positional trade:
GUJALKALI
BUY: At retest:
SL: 350;
T: 438++564+618++
-Mohit Rajani
GUJALKALIaverage volume of last 3 working days increased by 420 % from average volume of last 21 working days.
Gujarat Alkalies: Weekly and Daily breakoutOut of Range after almost 1 year with surge in volume. Can fly high.
Chart of the Week (10/04/2021)This week we have an amazing Chart in the form of Gujarat Alkali. Keep Stop Loss at Rs.380 and all successive targets are marked on the chart. Gujarat Alkali is a chemical company and it deals primarily in Basic Commodity Chemicals rather than Specialty Chemicals. Thus, the business is cyclical and we must exit on technical basis rather than getting stuck in this one for ages.
Gujarat Alkalies Will bast in coming days.All observations on charts.
Larger the consolidation powerful is the breakout
simple set up.
Buy Gujarat AlkaliesMy idea is for educational purpose.
Buy Gujarat Alakies @370 for short term gain of 10-20%.
GUJARAT ALKALIES: Nobody can Stop🚫 it from Exploding! 💎The scrip is trying to break its 3yr plus resistance. Just look at the level of accumulation going on in there. The last time it tried super hard was in the week starting of 24th August but later on 31st August, sensex crashed hard, so chance gone. Then it tried again and the next day was 21st December, yet another biggest crash in post-covid scenario, chance gone again. Now, its preparing another potential move with huge spikes in volume. Sooner or later, it will do what's intended and expected.
Gujarat Alkalies - Weekly BreakoutGujarat Alkalies has shown a strong weekly breakout from accumulation phase.
We would wait for a pull back to the channel to take an entry - around 380 levels.
Details mentioned in the chart.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
GUJALKALI breaking out after 1 year of consolidationBreaking out with good volumes and a year of consolidation also breaking a long-term resistance on a weekly timeframe. Looks good for long.
Gujarat Alkalies Flag formation and start of Wave 3Stock in flag consolidation since long time and on verge of breakout.
Long near 360-70 with Stop loss 302
Minimal target 512-15 of Wave 3 or C.
Agressive targets posted as Wave iii can be possible as consolidation is quite high
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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BULLL... BULLL.... Will be a multibagger for sureAmazing journey is ready to take off... TGT around 480 - 500.
Disclaimer this is just for educational purpose please check with your analyst before investing.
GUJARAT ALKALIESNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Gujarat Alkalies - Bullish View - Medium Term HorizonGujarat Alkalies - The Share is showing an extended parallel channel
Good levels of consolidation seen in larger time frames
We intend to buy at CMP = 313-314 for a medium term holding horizon
Stop Loss = 300
Targets = 350/370/390
Excellent Reward Risk Ratio
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Range bound between 311 to 380Monthly : Previous downtrend, now in consilidation phase.
Weekly analysis: Consolidation with higher volumns at green candles Enter at 311 with strict stop loss at 264
Daily analysis: Range bound betwenn 311 to 378
Gujarat Alkalies - Range bound high probability trade formingGujarat Alkalies - Range bound high probability trade forming.
Let it come down to blue area. We can expect a swing high to higher level and breakout as well..
rectangle chartsee the chart for details.
Red lines are acting as resistance/target while green one is support/stop-loss.
