GUJALKALI trade ideas
GUJALKALIGUJALKALI:- Head and shoulder has formed wait for the breakout till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Thanks,
Ajay.
keep learning and keep earning.
GUJALKALI - Low Risk high reward tradeA bullish reversal pattern has developed over the past week on GUJALKALI at the demand line. It is clear that the selling volume has been exhausted and the bullish volume is rising. The area where the stock is currently struggling has previously served as a support / resistance zone and has been tested numerous times.
At the current price, we can plan a buy trade that could have a low risk but high reward.
My analysis is solely for study purpose; I am not a Sebi registered individual.
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Watchout for Resistance breakout The stock looks good above 920 for intraday and 930 for positional trade. Positionally it can test 1000 levels again.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Gujarat Alkali - Ascending Triangle Breakout RetestWhen Broader Markets / Index as such is in correction mode , there are some stocks which are much stronger than the index. These stocks are said to show high relative strength! Gujarat Alkali is currently showing high relative strength in such volatile markets
Stocks would not move in a straight line , instead they go up , come to test the breakout level & again start their upward journey!
Pattern Name : Ascending Triangle Breakout Retest
Support Level - 950 Levels