The chart is self-explanatory. upside potential > 30% TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
GUJALKALI:- 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. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know...
A 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...
Old position: Can swiftly reach 963 GUJALKALI is shunted and has momentum on lower timeframe Result: Now does 969!
CMP: 910 -Retraced to 61% Fibo level from its recent low in June. - Sustaining above the same level - A quick move may come above 930 - The next level to watch is 970
Gujalkali : Symmetrical Triangle breakout Looks good for 1000
Breakout in GUJALKALI Entry: CMP Target: 1045 DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Consolidation is done Entry at 410 to 425 stoploss 400 TP 1: 470 TP 2: 500 TP 3: 550 TP 4: 600 Trade at your own risk
Can swiftly reach 963 GUJALKALI is shunted and has momentum on lower timeframe
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...
Breakout above 470 sl 425 Target 1)500 2) 525 ... Above 525 if sustain 600+ 700+ time frame 6month to 1year
Add Above 535 for target of 600,670 SL will be years Low
Gujarat Alklai ready for breakout Above 713 > stock can jump 5-10% for 3-6-9 timeline tgt
Fundamentals - Caustic Soda demand and prices firm. Likely to remain so for next 2 qtrs. Westlake stopped production in US which will immensely benefit this company. Technical - At strong weekly trendline support. Fevicol point.
Stock has reached a good support...........confluence of yellow pitchfork median, white channel median, strong S&R and E89 band support
NSE:GUJALKALI Clear Uptrend clean support at 640
Gujalkali : Currently at Good resistance Looks ready for Ascending Triangle breakout Long above 922 with SL 910
When 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...