NSE:GULFPETRO Weekly Analysis!
Symmetric Triangle Pattern in NSE:GULFPETRO
Symmetric Triangle Pattern breakout in NSE:GULFPETRO
Golden Crossover in NSE:GULFPETRO
Analysis:
NSE:GULFPETRO has made a clear Symmetric Triangle pattern on weekly time-frame. It is in consolidation since long and gave a breakout with high volume on 29jan. You can also see...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
-trend breakout with high volume and closed in strong zone
-rsi rising shows strength in momentum
-adx rising macd crossover done
-keep in radar it can move more 35% from here
Swing Trade opportunity.
CMP: ~ 52.80( Buy @ ~ 56.30)
SL: ~ 49.75
Target: ~ 66.95 | ~ 77.55 | ~ 94.75
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views...
As the market is not in the mood we'll put tight stop losses, and one can book partial profits at some levels.
Chart -> GULFPETRO Daily
The stock has broken a 1-year long range today, near its 200-Days moving average. Volume has also popped out.
CMP: 61.75
Targets: 67, 70, 75
SL: 57 on a two-day closing basis
Disclaimer: This is for educational purposes only,...
Seems Bullish as it is trying to initiate 5th Wave. It has fantastically taken support at Golden ratio(0.618) of Wave 3rd, so it can be hoped that 4th wave formation has been completed. The expected targets are 61.90-68.75 - Long term target is 83.50.
Currently this stock is in triangle pattern once it breaks out it will easily achieve the target of 61.90,...
The stock has given Triangle Pattern Breakout on the weekly chart. Increasing delivery volume indicates positive movement ahead. All oscillators are in bullish bios. We can expect an overall pattern target of 82 in the Midterm. Also, we can expect a target of 69 in the near term.
