GNA Axles breakout!!!!Stock has given breakout from major supply zone and likely to complete the rounding bottom after giving a pullback or retesting the breakout level.
GNA trade ideas
GNA AXLESGNA AXLES ON WEEKLY TF
1) It is breaking there resistance with good volume
2) after breaking the trendline it is showing positive sentiment
3) It is good opportunity for mid term
Cup and handle in Weekly tf.#GNA (weekly)
1. Cup & Handle pattern BO in progress. (Weekly candle yet to be closed)
2. Volume Dry up during handle formation and low of the cup.
3. Correction till Fibo 62%
Disc : Wait for Weekly candle to close above neck line.
This auto ancillary stock has broken out of consolidation!NSE:GNA
GNA Axles is an established company in the automobile component space with wide variety of products for the 4-wheeler auto industry.
Total revenue, net profit and earnings have been growing impressively for this company in last 12 months.
EBITDA and Net margins are also on the growth trajectory.
Promoter holding pattern is healthy, albeit with a little bit of pledging <~5%.
On the leverage front, debt to equity ratio is good with more than sufficient interest coverage.
Price hit a 52-week high breaking out of a consolidation base with heavy volumes.
Relative to the benchmark index, price is showing good strength and in an uptrend.
Source: tickertape.in, screener.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
GNA Axles LimitedGNA:- Stock has also given breakout by forming cup and handle on daily time frame, keep an eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GNA - Ichimoku Bullish Breakout Stock Name - Gna Axles Limited
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 777
#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
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GNA Axels - Post Result breakoutA cheap Auto Anc player which has given a beautiful YoY result.
After a longish consolidation the stock has broken out nicely. Long at current prices..expect the stock to move much higher. Stoploss below 700.
Take no more than 4% allocation for now since its already broken out. (Had shared the same yest too pre the breakout)
Breakout in GNABreakout in GNA
Entry: CMP
Targets: 765
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
STOCK ANALYSIS 06092022 GNA AXLESLevel to watch 780 for target and details like horizon etc, watch video.
Regards.
GNAGNA: 637
- Took support near 200 EMA & short-term EMAs are trending up
- Multiple Pocket Pivots were observed during basing
- MACD bullish crossover
GNA Axles Cmp 637.45 dated 8-8-2022GNA Axles Cmp 637.45 dated 8-8-2022
1. Rectangle BO @ 645
2. Rounding Pattern.
3. Volume Rise.
Buy above 645 for a tgt of 690-750-780-840
SL 570
It is just a view, pls trade at your own risk.
GNA Axles - Ready for next up movePrice trading above the high volume traded
Strong Accumulation seen
Price & vol breakouts
GNA - MULTIPLE INDICATOR 📊 Script: GNA (GNA AXLES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components & Equipment's
Key highlights:
📈 Script is trading at upper band of BB and given breakout of BB.
📈 There is Crossover in MACD.
📈 Double Moving Average is also giving crossover.
📈 Right now RSI is around 70.
⏱️ C.M.P 📑💰- 653
🟢 Target 🎯🏆 - 722
⚠️ Stoploss ☠️🚫 - 616
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!
GNA | Good for Long NSE:GNA
Reason for Trade : Triangle Break Out with a Green Big Candle, good Volume
Cmp : 581.80
Entry : CMP or Near 570
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Strong Returns on GNA AxlesCurrently down on daily charts, GNA Axles has a strong upside potential. The stock can be seen going down. Buy and Sell targets indicated on chart!!
GNA AXLESHi guys, this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
GNA AXELS : Wave counts + Time cycleIn this post i have tried analyzing chart by combining both price/volumes and time factor simultaneously. For deciding trend and predicting price i have used Elliot wave theory and for timing and entry/exit i have used cycle theory.
Elliot wave theory Impulse wave rule:
1)Wave 2 can't retrace wave 1 entirely
2)Wave 3 can't be shortest of wave 1,3 and 5
3)Wave 4 can't enter wave 1 price action zone.
Time rules of Neo wave (Extention of Elliot wave)
1)Wave 2 takes equal or more time then wave 1 took to form
2)Wave 4 takes equal or more time then wave 3 took to form
Wave labeling is done by following this rules.
Wave Count
Primary : Wave 4(Green)
Intermediate : Wave A(White)
Minor : Wave C(Orange) not shown.
Analysis:
As far as wave count's are concerned, since covid low's we are seeing impulsive rise in which we have completed wave 3 on Primary degree(green) and currently we are in Primary wave 4,Intermediate wave A, and going ahead prices will continue to correct or stay side-ways until Primary wave 4 is done,as wave 3 was extremely extended possibility of Primary wave 4 being an running flat is low meaning any forth coming bounce will not give us new high.
Time wise :As per Neo wave rule
1) Primary wave 4 can continue till December 2022 hence entering at current levels is not advisable.
Price wise :Support areas for Primary wave 4 to end.
1)We have 50 % retracement of Primary wave 3 coming at 641 along with minor wave 4 low's at 655 along with 200 ema average @ 620 which would keep increasing,there by making price action support zone of 640-660.
2)61.8% retracement of Primary wave 3 @ 530 and previous All Time High coming at 555 level(Confluence for price support) along with running intermediate trendline(white) making price action support Zone of 530-555.
3)Theoratically Primary wave 4 end's near Intermediate wave 4 of extended Primary wave 3 which is coming at 360 levels,we also have 80% retracement of Primary wave 3 coming at 360 level(Confluence for price support).
JM Hurst Cycle theory:
It states that stock prices follows definite cycle and achieve significant lows or trough's at the end(beginning) of each cycle.During any cycle price makes meaning low's around every cycle period time zone.Post a cycle low zone, prices reverses or trend changes,and if the low's made during cycle period time zone get's broken in the next cycle then during that entire cycle prices tend to correct.After his years of observation JM Hurst has found Nominal Cycle model which describes standard cycle's found in the markets he researched.One of the cycle he mentioned in Nominal model is of 20 weeks(which is being followed over here).There are many principles of cycle theory which i am not describing over here as it would complicate things.
Time Cycle: 22 week
Since beginning GNA AXLES seems to be following 22 weeks cycle meaning after every 22 weeks meaning full low is formed,post which we have seen prices going up and it this low is broken in the next cycle then during that entire cycle prices has corrected.Over here i have somewhere i have taken 23 weeks and somewhere 24 weeks just to capture exact low's however it can be seen that most of the time prices has formed low on 22nd week indicating stock is following 22 week cycle.As of now we are nearing cycle low time zone(week ending on 6th December)meaning after first or second week of December we can see minor bounce in the prices as per time cycle.
Combining Volumes:
Volumes were rising during this entire rise from covid low's during every impuslive wave high formation ie from Intermediate 1 of Primary 3 till Minor 3 of Intermediate 5 of Primary 3,and we can clearly see volume divergence on minor 5 high as it was achieved on an significantly low volume compare to minor 3 high.
Conclusion:
Price and time are not in favour of bulls hence investor or trader should keep stop-loss on there existing long positions depending upon there risk appetite and fresh long's should be avoided until Primary wave 4 is done.Any bounce from current price should be used to exit long positions.
Disclaimer:The analysis done in this post is just for education purpose and to introduce concept of time cycle,no position should be build or exited solely on it's basis.
2 Patterns single breakout CMP: 442.35, T1: 493, T2: 592, SL: 333
Study :
1. Rectangle pattern breakout
2. Flag pattern breakout
3. Good volume at breakout
GNA AXLE from my point of viewGna is looking for some correction. Its overbought and should look out for below 970. Only for educational porpose
