Please see the levels in the chart. Short Term means: 3 weeks to 3 months
Classic example of Cup with Handle pattern.
Requires A weekly overlap > 227.50 with strength HTF in momentum D/W on the verge of CCI breakout Assessed by #Querybuilder Score 40 on 06/12/2019
Requires A weekly close > 225.80 with strength HTF in momentum D/W on the verge of CCI breakout Assessed by #Querybuilder Score 40 on 06/12/2019
GSPL HAD GIVEN A BREAK OUT FROM INVERSE H&S PATTERN WITH GOOD VOLUMES. NEXT TARGET MAY BE PLACED AT 220 AND 224 IN THE COMING WEEKS. PLACE PROPER STOP LOSS.
In Gujarat state petronet Ltd. found a intrinsic value @246 but the price is below from this. this is a best time to buy GSPL at demand level @146.8 SL @116.50
Weekly support of trendline. Wolfe wave 5 on as well.
Scrip has been making new highs lately however its taking resistance at 165 level, positive breakout above 165 levels could take scrip inch higher upto 176 levels. MACD giving bullish signals on daily charts Go long on the scrip.
Flag pattern gave breakout today with good volume so one can consider buying the stock for the target of 168 - 174. Stop Loss 152 on closing basis.
Area of rejection for GSPL was 157-170 zone - which suggested that Bearish Butterfly is active- Likely it has turned from 147 lows which was B-Swing High in the pattern Going Below 147 Mark -we shall look for target zone 129-132- where we had C-Point of the pattern.