GUJARAT STATE PETRO LTDUpdated GSPL
Seems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can trade with a SL of 209 for a target of 267-294. The RRR stands to be at 2.4 to 4 at current CMP.
Note
CHART & ANALYSIS - ADARSH DEYTrade active
Near the 1st Target , Profit booking advisableTrade active
1st Target of 267 Done. 25Nov2022Trade closed: target reached
10th JAN : HIGH - 291
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.