GMMPFAUDLER TRENDLINE BREAKOUT WITH A TRENDLINE SUPPORTBSE:GMM
GMMP is developing a BULLISH pattern with a support of trendline and 50 dma and has given a fresh BREAKOUT of a trendline resistance.
TARGET- 5400
STRICT SL- 4020
GMMPFAUDLR trade ideas
Bteakout in Gmmpfaudler Will go long in this when it will come to below mentioned levels
Buy above 4555
Targets 4600/4700/4800
Stoploss 4500
High probable trade.
GMM Pfaudler LtdTrade setup:
Daily: breakout from rectangle (sideway movement) and retest done. Could slowly accumulate 50% here and rest 50% buy the share with every 2% decline.
Weekly: volumes dropping as share price falls (positive sign). GMM has never broken 50EMA. High probability that, it could rebounce now as well.
Entry price = 4525 INR
Stop Loss = 3915 INR or 3380 INR (based on your risk apetite).
Target = 5393 INR and 6579 INR (ATH).
Gmm Pfaulder LongAfter a very long time gave a break out. Above todays high i ll go look for taking long position and will book partially at mentioned levels.
GMM PfaulderGMM Pfaulder crossed its resistance 4800. Can be added with stop loss as trend line. As monopoly in business. It can be a good long term bet
GMM Pfaudler Long (Trendline Breakout with high volume We have seen a correction of from 6900 levels to 3500 and now the stock today given a breakout of its strong trend line level.
Buy Above 3550 with SL 3330 for a target of 3800
GMMPFAUDLR: GAPS LEFT TO FILL BEFORE TAKE OFFAfter continuous lower circuit, GMMPFAUDLER has opened again at the OFS price of 3500.
As per simple price action analysis, we can see that there is gaps yet to be filled.
As per price delivery analysis, price has not been very efficient in delivering price between 2800-3000.
Hence, my conclusion is price will drop down to these levels before taking off again.
DISCLAIMER - I am not a SEBI Registered Advisor. This pos tis purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
Long: Rounding Bottom retracementGMM Pfaudler has already ran up quite fast, but if it holds 3400 levels can reach a target of 4950 .
