GMM !! Perfect Entry now1) 4 months consolidation
2) Breakout with engulf candle and good Volume
3) Re-test
Now Perfect Entry
Gmmpfaudler
GMMPFAUDLR High Reward Idea 21May2023As per my analysis, when NSE:GMMPFAUDLR give breakout and close any 45min candle above level of 1490. It could be best buying opportunity with stop loss of 1400 (-90 Points risk). My expected upside target would be 1655 (+165 Points) & 1825 (+335 Points).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
GMMPFaudler - Fundamentally Strong StockDisclaimer: I am not a SEBI Registered Research Analyst and all these analysis are based upon own study and experience. Reader should take a note that, they should consider their goals and financial planners for taking any decision and consider this study as just a reference for research. I keep altering my positions so I may or may not be invested in my suggested stocks at any given point of time.
GMMPFaudler is a professional group focused on strong business growth. It corrected almost 55% from its top of 6900 and now trading at around 35% down from its top of 6900.
Fundamental Points:
1. Operating Profit has been increasing through the three quarters of 2021-22 reaching to an all time high quarterly profits in last 2 years
2. 9M22 Operating Profit is almost double the 9M21 Operating Profit
3. It has a decent pending order book from different countries of the World
Technical Points:
1. It is showing sign of healthy consolidation getting over with stability in prices during market turmoil
2. RSI positive divergence observed between 02nd March and 16th March rates
Cautious levels: 4175 and 4080
GMM Faudler - Ascending triangle for long termGMM Faulder is consolidating in the drawn triangle, if double bottom breeches the entry point then it will go down otherwise it will rise to the double top and can give breakout, please do your own research before investing.
GMM PFAUDLAER LTDThe stock has Cypher Pattern Probability on Daily Chart, if it unfolds stock might test 5000- 5100 levels in the coming sessions.
Buy on Dips for me.
