GSPL | CHART ANALYSIS> GSPL
> The stock is taking resistance from the trendline
> Keep an eyes above resistance OR wait for breakout
GSPL trade ideas
GSPLSeems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can trade with a SL of 209 for a target of 267-294. The RRR stands to be at 2.4 to 4 at current CMP.
Double Bottom Breakout under the parallel channel at GSPLDouble Bottom(W) #Breakout under the parallel channel at the #GSPL(Gujarat State Petronet Ltd) weekly chart It outperformed both the #Nifty and its peers in the sector over the last 123 trading sessions.
BSE: 532702
NSE : GSPL
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
KEY TAKEAWAYS -
The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
GSPL LONG DOUBLE BOTTOMGSPL made a Double Bottom on weekly chart. Has risen well from its weekly demand zones. All Breakout (BO) rules respected. Details posted in chart
double bottom pattern in GSPLOne of the simplest and effective chart pattern is the double bottom or the W pattern
recently GSPL had made a double bottom and broke out the high of the W patter.
last resistance is broken and even retested . so long entry is a good idea with a target of double the height of the W pattern
GSPL Ltd GSPL Ltd. Look at the top line in 2011: 1047cr & 2023TTM:20329cr superb growth. Bottom line 4x, interest payout has been reduce from 427cr to 90cr. Fundamentally good company. On chart after breakout stock is retesting the support. Buy at CMP: 263 sl: 220(wcb) target:315/375/475... Portfolio stock with 7%+ dividend yield
GSPL : Weekly Chart#GSPL Beautiful Breakout done + Retest done..... now Ready to fire
Good Volume participation Started
Good Strength
Gujarat Election
Happy Trading !!!
Keep Showering Love & Support, Keep Following & Keep Learning
#GSPL#GSPL, stock completed double round bottom and given a BO with huge volume rising, targets 290-328-354 with support @ 230.
GSPL - Breakout on Weekly ChartsAs soon it is out of FNO , It has given long term breakout on weekly charts after long consolidation
GSPL giving breakout for New ATH
GSPLGSPL:- Stock has given breakout by forming double bottom pattern keep your 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.
GSPL - Falling wedge and Double bottomGSPL has given breakout on 264 level with high volumes and strong momentum. The upcoming levels to watch is 290 /336 / 380. However it will be weak below 240 and best price to trade is 260-265.
ABOUT THE COMPANY: GSPL has a presence in the entire energy value chain and is engaged in gas transmission, CGD, power generation, and IT. Its clients include refineries, steel plants, fertilizer units, power plants, textiles and chemical units. GSPL’s market cap is Rs. 14,694 crore. Its equity is Rs. 564 crore and reserves Rs. 7354 crore. The share is trading at eight times the estimated earnings of Rs. 28 and is attractively valued. For the September quarter, its income went up from Rs. 4181 crore to Rs. 4467 crore, while profit increased from Rs. 490 crore to Rs. 621 crore.
Weekend pick: GSPLChart -> GSPL Weekly
A double bottom breakout in GSPL with volume confirmation.
CMP: 278
Targets: 292, 332 and 380
Good range: Around 250
SL: 235 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
GSPL | cup & handle> GSPL
> Wait for cup and handle breakout
> Keep in your radar
> Invest at your own risk
GSPL : +15% Upside Potential25 Nov 2022 GSPL
Stock BO of previous TL on 15 Nov 2022 with huge volume, after spending 2 weeks in the zone fresh BO is seen with volume, likely momentum to continue.
Summary
• BO/RT done
• Stock has shown a good support @POC around 238 zone
• 76 days of accumulation
• Fresh BO
Conclusion
• CMP 260.45
• Initiate test qty
• Higher targets could be around
o Short Term – 276/296
o Mid to Long Term – 332/379(Important resistance to watch out for 311-326)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
GSPL trendline breakout#GSPL alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Showing strong trendline breakout. Fundamentally cheap at current price of 252.
Seems good fo 290/320/350.
GSPL (Gujarat State Petronet Ltd )GSPL looking good on 1hr timeframe it may give a good return in the short term i.e. 1 to 3 months.
On an hourly Time frame, it from a cup and handle pattern and break it with good volume as well.
All the levels marked on the chart
red line stop loss
green line target one and two
GSPL: Breakout readyRounding Bottom formation with a
bullish candle ready to breakout, most likely
driven by Q2 earnings.
Volume build up is not bad.
Trade:
Buy above 235.50.
SL: 230
T: 241/245
#GSPL is going bullish soonGSPL looks like taking U turn and becoming positive after long correction,
GSPL: Accumulate for the target of 1026 in approx 9 yearsCorrective wave appears to be complete during the week 20-Jun-22 to 24-Jun-22. This is buy on dips candidate. Aggresive buying can be done once the weekly candle closes > 262.
