GNA AXLES LTD,
From this chart u can see it is acts like support & resistance game;
For long term it as huge potential @fundamentally it has good returns and strong,
Its good time to buy now till @580 for today if it breaks above 580 - 587 long term holders can hold this script further.
For today it is bull run.
Thank You;
GNA can give a good break from here!! If on price level 460 is crossed and sustained would be good long signal! CCI 100 has already given a breakout above 100 level showing momentum with price move
Stock has already given a breakout from a channel and now consolidating.
Its also creating a FLAG and Pennant.
398-402 is Resistance Zone.
Buy above 402
Target:- 450 Positional
Initial SL 380
GNA AXLES has been on an uptrend since its IPO. Now the stock seems to have broken out above the bull flag which has a potential price target of about 514. GNA is sells automotive axles in both domestic and export markets and any improvement in Class 8 truck sales can act as a positive trigger. Also improvement in Commercial vehicles in domestic market can act as...
It has been observed that GNA Axels has broken the Ascending Triangle with very good volume.. The stock may gain further momentum and can breach its 52 week high which is 278. The next target in GNA Axels would be 310....
A breakout is seen from a symmetrical tgt.Longs can be inititaed with SL 213, TGT 255.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
