GNA Axles is looking very good compared to its peer and making cup and handle pattern.
It engaged in the Business of manufactures auto components for the four-wheeler industry, primary product being Rear Axles, Shafts, Spindles & other Automobiles Components for sale in domestic and foreign market.
GNA Axles is engaged in the Business of manufactures auto...
Low debt
PE 16, less than IND PE 31
PEG < 1
Good ROE, ROCE ~20%
Profit growth is less
Price 431 near EMA 63 in weekly charts
Price 431 less than EMA 200 in daily charts
Price bouncing from support at 390 levels
RSI neutral around 40
Hold for swing upto 500>550
NSE:GNA
✅ #GNA trading above Resistance of 546
✅ Next Resistance is at 656
Corporate action:
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👉 This corporate action adjusted in chart
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will...
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
BUY - GNA AXLES
CMP - Rs. 978
Target - 1: Rs. 1285
Target - 2: Rs. 1479
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Timeframe - 6-9 months
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Technicals - Resistance Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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GNA Axles Ltd growing company in Automobile sector
found on resistance level for breakout with Rounding bottom pattern
Volume also increas.
Indices good for Swing & Positional Trading.
Note
Its Just for Study purpose not for BUY/SELL recommendation.
NSE:GNA
Charts are 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...
Let do analysis
1.Consolidated @ 0.618 and Bounce back from same region.(From Long term trend)
2.Long Consolidation ,breakout and breakout retest.
SL below 775 on closing basis.
Target-965-1100
