Breakout in GMM Pfaudler...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
GMMPFAUDLR trade ideas
Swing tradeW pattern.... If it break & hold above that 5150 levels on daily basis.. We can go long.. Upto 5 to 6% target with stop loss of 2%, on daily basis candle close.
Note :- education purpose only
Positional or Longterm Opportunity in GMM PfaudlerGo Long above 4685.05 for Targets of 5080.1 and 5475.15 with SL 4290
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
4. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
TRIANGLE PATTERN IN GMM PFAULDER Market Cap
₹ 6,423 Cr.
Current Price
₹ 4,397
High / Low
₹ 5,435 / 3,463
Stock P/E
99.6
Book Value
₹ 308
Dividend Yield
0.11 %
ROCE
15.9 %
ROE
19.9 %
Face Value
₹ 2.00
GMM PFAUDLER GMM PFAUDLER CMP 4571
gmm pfaudler currently base on base structure formation after last leg of correct.
Entry Could be above 4687 ( 25% of desired qty to buy first part)
whole set up will negated below 4300 close for ultra safe positional player
whole set up will negated below 4100 close for risky take poisitonal player
stock having good eps growth
less cyclicle stock
having good funds and institution holding too
GMMPFAUDLRToday 20 October 2021 Watch List
#M_MFIN #ARIHANT #SPECIALITY #LTI #SEYAIND #SILGO #AMDIND #MAHINDCIE #MUKTAARTS #GMMPFAUDLR
M_MFIN: Looking Good
Symmetrical Triangle Pattern Breakout Sustaining/Closing Above 195
ARIHANT: Looking Good
Ascending Triangle Pattern Breakout Sustaining/Closing Above 30
SPECIALITY: Looking Good
Rounding Bottom Pattern Breakout Sustaining/Closing Above 108.60
LTI: Looking Good
Trend Line Breakout Sustaining/Closing Above 7200
SEYAIND: Looking Good
Expecting Symmetrical Triangle Pattern Support Level Bounce back to Bullish
SILGO: Looking Good
Trend Line Breakout Sustaining/Closing Above 44
AMDIND: Looking Good
Trend Line Breakout Sustaining/Closing Above 39
MAHINDCIE: Looking Good
Symmetrical Triangle Pattern Breakout Sustaining/Closing Above 270
MUKTAARTS: Looking Good
Ascending Triangle Pattern Breakout Sustaining/Closing Above 45
GMMPFAUDLR: Looking Good
Symmetrical Triangle Pattern Breakout Sustaining/Closing Above 4900
Swing Opportunity in GMM PfaudlrGo Long above 4602.15 for Targets of 4916.55, and 5230.95 with SL 4287.75
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. In addition to this the stock will give Trendline breakout once it crosses 4600 level
GMM- Giving breakout todayGMM giving weekly breakout from wedge pattern. It can move towards 8000 levels now considering today's bullish marobuzo candle. The best entry point will be when RS turns positive. RSI is above 60 now.
GMM Pfaudler Symmetrical Triangle FormationBuy at 4880
Stop Loss at 4455
Target 5475, 6920
Note: This is purely for educational purposes only and is NOT a Buy/Sell Recommendation.
GMM: Inverted H&S Near Support levelStock is forming an inverted H&S pattern on hourly time frame has tested the 4400 zone multiple times. If stock goes above 4400 this time then it can again fill the gap area and touch it's all time high.
All levels are mentioned on the chart. Please consult your advisor before investing.
DISC: for educational purposes only.
GMM: BREAKING THE ZONETake Position@ CMP
Short term TGT - 4890 & 4900
Ultimate TGT - 5350
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 be updated. We would not be responsible for the profit/loss resulting from this analysis
GGM Pfaudler -Given Downtrend BreakoutGiven Downtrend breakout with Good Volume. Get ready for the next destination.
GMMPFAUDLER -- LONG BuildupGMMPFAUDLER -- LONG Buildup
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-- Price is very near the Triangle Apex and breakout/ breakdown levels (and a potential inverted H/S pattern).
-- Buy zones mentioned in white boxes.
-- Resistance zones in Red boxes.
-- Add only if price sustains above FIB 61.8 in 4HR+ timeframe.
-- Bearish below Green trendline.
Caution :
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Smallcap stock trading at higher valuation... Share may plummet if the upcoming results are bad.
Prefer allocating <5% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.