Gujarat Gas - Long ideaIf it does not break the recent low of 605, it may proceed to the levels of 700/730/780 and 800++.
Only for learning and sharing purposes.
Not a bit of trading advice.
Please comment with your views.
GUJGASLTD trade ideas
GUJARAT GASNote:
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GUJGAS 635DCB WE EXPECT 686,700 LEVELS KEEP RADAR1.volume chart compare candlestick body size somethig happen
2.rsi shows bullish divergence
3.gas sector positive
4.more reponse to 150MA
5.weekly take support last 10 days
LONG GUJGASClearly seen from the chart it is taking support continuosly on 1hr TF and a clear bullish divergence can be seen ..go for long
BUY GUJGASLTD !NSE:GUJGASLTD
Possible bottom formation. Broked out of falling wedge and EMA with good volumes along with Bullish divergence.
Gujgasltd, Bullish move in GasGas prices are rising globally. Similarly, ONGC and GAIL, are trading at higher prices. It will have a spill over effect on Gas infrastructure and distribution companies like Gujgas and IGL.
Also Gujgas is trading at a crucial support price of 612/-
Buy Gujgas with a small SL of 590/- and targets of 700 in 30 days.
Positional trade.
GUJGASLTD_ falling wedge patternNSE:GUJGASLTD
falling wedge mostly give upside brkout.
wait for TrendLine to brkout for confirmation.
also .382 retracemet o Daily time frame.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
Guj Gas - Looking good above 635 (closing basis) positionalGuj Gas - Looking good above 635 (closing basis) positional.
Tgts are open. Long term bet.
GUJGASLTD made a false breakdown in a parallel channel? GUJGASLTD has formed a slightly good parallel channel on a daily time frame and it has broken the channel on the downside and looks like it is doing a retracement. But the RSI indicates little different as it is near 30~ this indication looks like a false breakout and based on Trend based Fib retracement we can expect it to touch the previous high if it moves back into the channel pattern (Expected target on the upside can take upto 3 months). But it can move against the channel pattern (which may incur loss) as there is a strong resistance in the trend line for few weeks. This is only for high risk takers with patience.
Disclaimer: Kindly consult with your Financial Advisor before taking any trade.
[POSITIONAL,INVERTED CNH] GUJGASLTD SHORT BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Gujarath gas reversal setupGujarat gas is very bullish stock with major buy on dips. It badly needed a correction and it has corrected for more than 10%. It has formed a bullish bat pattern with reversal zone around 655 levels with a trend line as a dynamic support and 0.5 fibonacci retracement of major swing
Possible reversal levels : 645-655
Gujgas ltd LongTested the support now time to go sideways to uptrend both the ways it will give atleast 2.5 - 3 %
buy at 625
target 2.5 - 3.5 %
plan your R:R ratio and don't try to hold for more profit once you get 2.5- 3 % then exit position
Its for Swing trade not for investment !!!!
Gujarat Gas head and shoulderT 600
SL 715
Going into correction.
A good opportunity for buying will arise at 600 level.
Guj Gas - buy -Buy from cmp to 609
easy target 630
tg 2 - 650
Disclaimer : This is my personal analysis for study purpose not intended for trading
