GSPLImp Levels.....................................................................................................................................
GSPL trade ideas
GSPLStock has bounced from the demand zone quite a few times. Volume is also looking good, Buy with a SL below the demand zone.
Positional tradingThis is only for educational purpose
Demand zone
Channel
Falling wedge
#price action
keep on radartarget 1. 328.80 target 2. 357.60 target 3. 379.20 coming in this keep on radar
for educational purpose only
wave and fib analysisLong term view on GSPL
STock can see correction phase.
TILL 1ST fib support level / C point in correction wave. Which is also long term tredline support.
If it respects supporting trendline then it will start new long trend
GSPL | RSI divergence + Demand zone - Value stock - 30%GSPL | RSI divergence + Demand zone, Looks potential for 30%
CMP : 322 (Dip : 305)
SL : 290
Target : 420
1:7 risk reward setup from dip
Used fibonocci for target level
Bullish EngulfingStock, after making new high at around 380 levels, has consolidated and corrected by 20% and holding strong support of around 300-305 levels. It has formed bullish engulfing candle on daily chart. Now, one can consider long position with SL 305 on either daily or weekly CB for the target of 360 and above 380 (new high), with more than 1:2 RR.
Kindly make your analysis as well before initiating any trades.
More fall from here??Some support area seen nearby..
Can be on the watchlist for reversal sometime soon.
GSPL - Reversal TradeGSPL - NSE:GSPL
Small SL Trade - Early Entry at CMP with SL closing below 340. Momentum pickup above 357. (High chances of SL hit since entry on expectation of reversal)
Entry based on breakout - Above 357 with volume confirmation for 380 targets. SL remains same
Disclaimer - Chart posted only for learning purpose. Please do your own analysis before initiating any trade.
2 reasons to buy || Gujrat State Petronet1) Bounce from Uptrend support.
2) Bounce from 0.618 Fibonacci level.
Can be bought for a target of 372. CMP-351 and SL will be 340 on a closing basis. A 1:2 risk-reward ratio. Do FOLLOW for more swing trade ideas.
Gujarat State Petronet Stock is moving up aftr coming out of consolidtion. The next few days may see a good upmove!!
See Chart for targets.
gspl looking good for swingNSE:GSPL
support ready to touch candel just wait and watch what will happen
Gujarat state petro seems good brekoutLongterm consolidation uptrend
channel breakout leads momentum may continue
ASSENDING TRIANGLE PATTERNNSE:GSPL GSPL Positional View. Good to go long
REASONS TO TRADE:
UPTREND
ASCENDING TRIANGLE
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Disclaimer
I am not Sebi registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing
ABOUT THIS PATTERN:
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
Short Term Pick up ✌✌This scrip is choosen for short Term pick up. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Gujarat State Petronet Ltd - 29.07.2021Gujarat State Petronet Ltd - 29.07.2021
The stock is trading within a channel range.
The stock is currently trading @ 343 levels
Support is 335
Breakout above 355
Watch out for price action
Wait for channel breakout
#GSPL .. a study on 6 weekly candlesticks..See the above chart for my study
GSPL is ready to give another breakout after 5 weeks of consolidation.
See Daily Chart below for targets
On the verge of trendline breakout ✌✌✌This scrip is expected to give trendline breakout as it is on the verge of the trendline breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
