GAEL trade ideas
GAEL - BULLISH HARMONIC PATTERN - HOURLYBullish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas
VCP actionClean and simple base.
Broader market is weak.
Entered at 345 with previous day low as SL with risk of 1% on portfolio.
Stop hit the same day as breakout faded.
Portfolio down by 1%.
Decided to keep stop loss below days low with position size in terms of % of portfolio allocation rather than fixed amount per trade. This will allow to close positions with minimal loss and not a fixed amount i.e. 1% loss of portfolio as the day low would be few % below the entry point or when the move is faded end of day but limit not to exceed more than 5% from entry point. This will also allow to get back in cash immediately when breakouts are fading and falling back below the pivot. Will go with this style for couple of trades to find the best approach that would work for me.
This is not an investment/trading advise.
Gujrat ambuja exports, Breakout above 100 EMAGujarat Ambuja Exports is principally involved in agro-processing and trading and has focused on exports, competing in the global market.
The company has put in place a strong infrastructure that constitutes technologically advanced plants with captive power generation at each plant, most modern quality control, improvement setup and human resource. GAEL is poised to scale newer heights and is fully geared to achieve the magical Rs 1,200 crore operational turnover.
It's closing near 100 ema, even it gave a breakout with higher volume. So I expect to give atleast 5-10% returns.
GAELProducts:
The company is one of the India’s major manufacturers and exporters of the below:
Edible Oil – Refined Soya Bean Oil, Refined Palm Oil, Refined RBD Palmoline and Refined Cotton Seed
Starch and Derivatives - Malto Dextrin, Malto Dextrin, Dextrin, Dextrose Monohydrate, Sorbital, Maize Starch and Liquid Glucose
Defatted Soya Flour - Toasted and Un-Toasted
Full Fat Soya Flour – Active, Inactive and Feed Grade
Soya Flakes - Toasted and Un-Toasted
Cotton Yarn
Deoiled Cakes
Vanaspati Ghee
Bakery Shortening
Wheat Flour
Cattle Feed
Soya Lecithin
Indian Soyabean Meal
Indian Soyabean Hulls
Rapeseed Meal Deoiled Extractions
Rapeseed Lecithin
Business Divisions:
Solvent Extraction
Wheat Milling
Cotton Yarn
Bio Chemical
Cattle Feed
Vanaspati
Vegetable Oil Refinery
Oil Mill
Subsidiary:
Gujarat Ambuja International – The wholly owned subsidiary was set up in Singapore to focus on the international trade
Gujarat ambuja exports: Stock for short termSl - 148
Can we bought half quantity now and the other half after the retracement.
Volume are increasing on breakout which is a good sign .
Fundamentally good stock to focus on.
Only quality stocks are shared here. I focus on quality ONLY.
Shoot up your queries in comment section.