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GMM Pfaudler LimitedGMM Pfaudler LimitedGMM Pfaudler Limited

GMM Pfaudler Limited

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GMMPFAUDLR trade ideas

Chart of the week. GMM Pfaudler. 2/9/22Last week GMM attracted my attention around 1700 when it was in a process of making a Bullish Wedge / Symetrical triangular pattern on its weekly chart. 1700 was a strong resistance for the stock since one year . After a year long consolidation and after discounting all the bad news (offer for sale etc.) the stock is finally given a breakout above 1700 with a huge volume . GMM is MNC and is a market leader in his business. This is a very good Techno-funda stock as there have a monopoly business in India. The company is very good Fundamentally too. On weekly charts it has created a continuation pattern after a long consolidation, therefore, I recommend this stock for investment. Now we can expect the stock testing its previous all time high of 2100 which is around 15% gain. We will review this stock again at 2100. CMP - 1825 Weekly Target - 2100 Weekly SL - 1700 Weekly View - Short to Medium term.
NSE:GMMPFAUDLRLong
by AbNamjoshi
Buy Today, Sell Tomorrow: GMMPFAUDLRDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Breakout in GMMPFAUDLR Buy Today, Sell Tomorrow: GMMPFAUDLR
NSE:GMMPFAUDLRLong
by Kapil-Mittal
1
GMMPFAUDLR - Ichimoku Bullish Breakout Stock Name - GMM Pfaudler Ltd 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 1847 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:GMMPFAUDLRLong
by nikunjbhadja
Symmetrical Triangle Breakout at GMMPFAUDLR Symmetrical Triangle #Breakout at #GMMPFAUDLR (GMM Pfaudler Ltd) weekly chart. BSE: 505255 \ NSE : GMMPFAUDLR What Is a Triangle? A triangle is a chart pattern, depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns. KEY TAKEAWAYS :- In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles. Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices. Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
GLong
by Usemerr