Posted for educational purpose.
Gujarat Gas is in consolidation phase for 6 weeks, It kind of broken out of range earlier this week and is again having pull back to support zone. Idea is for positional long as risk reward is favourable with minor stop loss.
Current closing price is 476.65. Suggested stop loss is 461 and perceived targets are 505 and 525.
In...
Stock Idea -GUJGASLTD is trading near trendline and formed symmetrical triangle. Value buying will be soon seen as Volume spike is on daily, weekly chart. Good to add at the level or above 500.
NSE:GUJGASLTD - stock moving up with high volume which is almost 9.9m highest after one year, as per Elliott wave theory stocks looks in correction in daily/weekly TF, but in hourly TF looks bullish. There are two possibilities in the ongoing impulse wave which is as followed.
Pos 1 - can be impulse move
Pos 2 - can be X wave
in both the Pos approx. 20 % upmove...
GUJRATGAS LTD
Key highlights: 💡
✅On 1Day Time Frame Stock Showing Reversal of Double bottom Pattern .
✅ It can give movement upto the Reversal target of above 477+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 502+.
✅Can Go Long in this stock by placing a stop...
GUJARAT GAS
BUY : 454-455
TARGET : 507
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
GUJARAT GAS Looking good for downside..
When it break level 451 and sustain.. it will go Downside...
BUY INDUS TOWER @ 451
Target
1st 448
2nd 442
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
AFTER MAKING RISING WEDGE IN GUJGAS
A stock is in consolidation
a movement come in a stock in downword But
Again from the lower level there is buying in stock
stock still not complete the target of rising wedge
keep an eye on that
just a view
consult your advisor before any action
NSE:GUJGASLTD has crossed the 200 DAY Moving Average and we can see it soon hitting :
TARGET 1: 510.75
TARGET 2 : 512.75
STOP LOSS: 500.45
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis...
• Resistance of 473 became support now . current candle is totally above level.
• Harmonic PRZ is at 501
• Good Risk reward (1:3)
• good risk reward with support at 473.25
• Entry :- Above 483.95
Targets :- 495 , 501 , 516
Stop Loss / SL :- 473.25 Support zone .
GujgasLTD cmp. 510 with stop loss 495 then targets are 533-560+.
Buying Reason.
1 --> Price move above 200 EMA.
2 --> Breakout the price resistance on Daily Timeframe.
3 --> RSI is Above 60.
4 --> ADX is show Bullish Move.
Gujrat Gas Cmp 480 dated 8-2-2023
1. Trendline BO above 483
2. RSI Bo
3. Flag Pattern
Buy above 483 for target 495-515-525-535 SL 465
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it...
