GUJRAT GAS: INVERSE H&SThe Inverse Head and Shoulders pattern is a bullish reversal chart pattern that signals a potential trend reversal from bearish to bullish. It consists of three key components:
Structure of the Pattern:
Left Shoulder: A price decline followed by a temporary rally.
Head: A deeper decline forming the lowest point, followed by another rally.
Right Shoulder: A decline similar in size to the left shoulder but not as deep as the head, followed by a move higher.
Neckline: A resistance level that connects the highs of the two rallies after the left shoulder and head.
The Inverse Head and Shoulders pattern in Gujrat Gas, with a neckline at ₹396, indicates a potential bullish reversal. The stock has formed a well-defined left shoulder, head, and right shoulder, suggesting that selling pressure is weakening. A breakout above ₹406, supported by strong volume, could confirm the pattern and trigger an upward move. The target price for this breakout is ₹440, calculated by measuring the distance from the head’s low to the neckline and projecting it upwards. If the stock sustains above the neckline, it could gain further momentum. However, traders should consider placing a stop-loss below the right shoulder i.e. 376 to manage risk in case of a failed breakout.
Gujgaslong
Swing Long Trade good for GUJGAS
Source Demand formed which has the potential to move the Price until the next Fresh opposite Supply which can become the Destination of this Uptrend which is about to emerge.
Here's the Demand and Supply Equilibrium for this Script, here we clearly understand where is low and where is High and as Traders we know when we buy low we have higher reward to risk ratios and same when we short when the prices are high so now we have the curve divided into 5 parts and when we trade we see the position of the Price in the curve.
This is a Demand formed after Price has reacted to the Source Demand now this has maximum probability in the Upward direction as its the 1st 4H Demand formed since Price reacted the Source Demand. Now let's check the Reward it has to offer and against what risk?
Here's the answer we need
TradeType : Swing Trade
Entry : Rs. 607.30
Stoploss. : Rs. 597.00
TakeProfit : Rs. 659.15
Reward. : Rs. 52.15
Risk : Rs. 10.00
Ratio : 5 / 1
For FUTURES
guj gas buy,unexpected returns in just 6 monthnow gujarat gas on unbelievable price..its finacial also strig and chart pattern giving its confirmation..buy it now as uch as you can..best risk reward of it which is approx around 1:12..and i think thats a bewst deal for an investment..next 6 month target will be acive..around 50-70% gain...
keep learning and keep minting money
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BUY Setup : GujGas on 29.11.21GujGas :
1. 1HR Chart : Taking support at fib38
2. RSI : Positive Reverse Divergence
Entry : 660
SL : 655
Target : 675
RR : 1:3
Long GujgasltdChart of Gujrat Gas LTD looking good.
Important levels marked on the chart.
NSE:GUJGASLTD
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