GUJRAT GAS LIMITED
It looks like the price has given breakout and retested it's support of 503 successfully.
We may see an upward side in this stock in upcoming days.
SL - 503
TARGET - 541 / 579
THIS IS JUST A VIEW. YOU SHOULD DO YOUR OWN RESEARCH WHILE DOING INVESTMENT OR TRADING
In 4hrs timeframe it has formed double top kind of formation and the neckline has been broken. Now the neckline is being retested again and it is facing resistance there.
One can look for the short at this point for the TP1, TP2, TP3.
It has retracted to its Fibonnacci Level 0.5 (106.17) where it actes as a support and bounced back to its 0.382 (106.84) level which acted as resistance for now.
Further drop is expected to 0.618(105.5) level before another pull up towards 1.618 (112.5 ) LEVELS
THIS IS JUST A VIEW. DO YOUR OWN RESEARCH BEFORE DOING TRADE WITH PROPER RISK...