Gujarat Alkalies - Consolidation Range The stock is in consolidation from long time. Strong resistance at 385 and Support at 200 MA. If breaks resistance can go to 450 levels. Keep a strict SL at 305. Stoch RSI showing oversold zone. Keep Watch.
GUJALKALI trade ideas
Breakout Above 390.00* 07 months Long consolidation without major correction & made a rectangle patter breakout above 390.00.
Added in your watch list when BO will happen i will update here.
Gujarat Alkalies - Strong IndicatorsIn line with previous post. A strong support at 300 level. Can touch 400 to 450 levels with MA breakouts. Fibonacci retracement showing all possible levels.
Gujarat AlkaliesExplanation in Chart. Can expect upside for +32% return. Fundamentally Strong company.
GUJARAT ALKALIES :Rocket above 390 Currently ,the stock is trading in between channel of 310 and 380.
The stock is in accumulation phase, big player are accumulating as shown in the post.
Expecting a target above 450.
Above 390 will become rocket.
Plan your Trade
GUJALKALIES:- LONG TRADE SETUPGUJARAT ALKALIES shaped up in beautiful continuation pattern and breakout through neckline with huge volume.
Trend seems to remain intact .
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
GUJARAT ALKALIStock on up move and next levels to look out for 360 and 380. News on anti dumping duty imposition of caustic soda manufacturers from China is a big motivator for the stock to go up.
Long targetsNSE:GUJALKALI
Bullish Butterfly!
TP, 412, 428
Bank on Investing on strong fundamentals and at good levels after your own conviction! Cheers!
Gujarat Alkalies Investment IdeaAfter a long downtrend Gujarat Alkalies is showing signs of recovery. Fundamentally it is available at a TTM PE of 5.6 with PEG ratio below 1 and PB ratio of 1.1. Buy at current price for a target of 650, 750 and above with a long term stop at 465. Do your own research before investing.
BUY THE BREAKOUTStock is looking good for near term bullish price action and any further dip can be considered as a buy opportunity.
Trend traders should buy the breakout
