- Trend Breakout and Retest: Gulshan Polypols has experienced a trend breakout followed by a retest of the breakout level. The stock is now forming the same pattern after the retracement, which could indicate a potential continuation of the uptrend.
- Trading Near Resistance with High Volume Zone: The stock is currently trading near a resistance level with a high...
✔️You can see breakout point in the chart and it looks good both technically and fundamentally.
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About the company
Gulshan Polyols Ltd is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India. It is a market leader with a substantial market...
Chart -> GULPOLY Daily
Descending channel and flag and pole break out together on the chart, with huge volume.
CMP: 275
Good Range: 260 to 275
Target: 305, 340
SL: 255 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
NSE:GULPOLY is forming Flag pattern. The target will be equal to length of the distance from bottom till formation of flag. Expected Breakout is upside. Long only after breakout confirmation.
Fundamentally good stocks - Looking good on chart
TGT - 450 & 500+(Positional)
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not...
The stock has been moving in an ascending parallel channel.
At the base of the channel, I see an ascending triangle which when broken out can see a good momentum kick in.
