Gujarat Pipavav (GPPL) Cmp 127 dated 6-10-2023
Weekly Chart ( Positional View) Investment Idea
1. Rounding Pattern BO above 127
2. 5 Years Consolidation BO
3. RSI Divergence
Buy above 128 target 132-140-145-155-165-175-185-200 SL 110
It is just a view, please trade at your own risk.
Reason for long
a) consolidationbreakout
b) weekly breakout
c) super trend support
d) QQE support
e) super vwap
f) channel support
g) volume and price spurt
SL compulsory
have explain the chart in the video
this is my first recording hope you guys like it
or if i miss something pls let me know
as i am a learner
my target after the earnings release and breakout will be ATH
BUY - GUJARAT PIPAVAV PORT
CMP - Rs. 124
Target - 1: Rs. 161
Target - 2: Rs. 194
Target - 3: Rs. 221
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Timeframe - 9-12 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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The stock treading near important resistant level after a double bottom creation.
If this level is broken , we can expect good up move.
Volumes are huge in recent days. Wait for breakout with good candle .
Only for educational purpose.
NSE:GPPL viewpoint
the stock has given trendline breakout on weekly time frame
cmp is 120
i am targeting 50% upside in short term
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
HnS is usually having a high percentage of success. There seems to be a retest kind of pullback also. If the next few candles are green, one can safely trade with a small stop loss (at around 99) and a 1:2 target expectation.
Having said that, since overall market is at ATH, best would be to trail aggressively once in profit.
