With Parabolic SAR triggering buy signal, we expect the price to hit 298.5 ion a day of two.
⚠️ Keep an eye on the stock for a breach of the Fibonacci level upwards before initiating a long position. Don't forget to place a stop-loss order below the recent swing low to protect your capital 💰.
❗️Disclaimers and Disclosures:
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Looks after a strong green candle at the friday's close 18th chances are higher towards 309 unless it doesn't break and close below friday's low
So the risk looks like friday's low and the upside looks towards 309 so like a 10% upside with 3% downside risk
Let's see how this works out to be
In this post, we will conduct an analysis of GSPL's weekly chart, focusing on the breakout of a trendline, the subsequent retest, the RSI indicator, and the potential for a short-term bounce. By examining these technical aspects, we aim to provide insights into the stock's current situation and the potential for upward movement. Let's delve into the analysis and...
GSPL is on the verge of range breakout. Keep on radar for closing above 285. Recently Government has announced a policy for Gujarat based PSU's regarding dividend/Bonus issue etc. Can expect a good momentum as seen in chart structure.
BUY - GSPL
CMP - Rs. 287
Target - 1: Rs. 350
Target - 2: Rs. 400
Target - 3: Rs. 450
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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- Trend Line BO with huge volumes. The purple dot signifies big hands
- The price is above 200EMA and moving in a channel.
- We can enter at the bottom of the channel for better RR or we can wait for channel BO.
Buy gspl cmp 294 cmp tgt 350-400-450-500
ABOUT
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.
Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it...
Stock Name - Gujarat State Petronet 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 295
#This is not Buy and Sell recommendation to any one. This is for...
GSPL on Breakout; above 281 on Monday 27 Feb for Intraday gains
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Please check out the INTRADAY Trading Strategy in the comments section below during the live market hours:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15...
