GLSThis stock breakout round bottom breakout and ATH level breakout so TGT will be 1067,1226,1499
and this is only for educational purpose only
GLS
#GLS LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of GLS on NSE
the analysis is as follows
- price is in a range structure right now
- we are looking for a breakout in upper side
- if the price opens with gap up, better to enter at minor retracement
- if price dont breaks the range by noon, we wont initiate the trade
dont play with fire, always use a predefined stoploss
GLS - Demand emerged at 375-425 in Oct-22After being in downward sloping channel from Aug'21
Plan
- Consider to Buy above 425
- and/ or Rejections near 375
WHY INVESTORS IGNORE STRONG FUNDAMENTALGLS NSE Shares:
Market Cap
₹ 5,428 Cr.
Current Price
₹ 445
High / Low
₹ 800 / 376
Stock P/E
12.8
Book Value
₹ 161
Dividend Yield
2.42 %
ROCE
96.9 %
ROE
61.0 %
Face Value
₹ 2.00
EPS
₹ 134
Industry PE
24.3
Debt
₹ 3.64 Cr.
Debt to equity
0.00
Earning Power
26.5 %
Promoter holding
82.8 %
FII holding
8.32 %
DII holding
0.47 %
Pledged percentage
0.00 %
High price all time
₹ 800
Low price all time
₹ 376
Market Cap to Sales
2.63
No. Eq. Shares
12.2
Public holding
8.36 %
Earnings increasing yearly.
Technically Indicators Oversold
Forming daily chart triangle.
Bullish above 465 1 day close
SL: 425
Target 800
Risk is yours and Reward is too yours totally
Time Frame : 1-3 Years
