GUJGASLTD trade ideas
$NSE:GUJGASLTD Will test 540Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:GUJGASLTD I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 10450-10480 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 10050 In Downmove.
Resistance Levels to Watch out.
Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock.
R1= 520
R2= 535
R3= 555
Support Levels To Watchout.
Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend.
S1= 502
S2= 488
S3= 475
As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.
Best regards,
GUJARATH GAS GIVES A BREAK PUT The stock has broken out of a 95-week consolidation we should wait for weekly candle close
gujgas activated yestarday gujgas good breakout seen yestarday in case comes down buy more 460-470 zone
Gujgas daily trendline breakout Gujgas daily trendline breakout with good volumes on Friday closing for swing target of 1:2-472 and 1:4-482 so trade accordingly.
GUJARAT GASBreakout of resistance and trendline with huge volume on weekly timeframe. Also crossed 50 EMA. Rally expected from CMP. Also crossed resistance in last week.
GujGas weekly chart studystudy the stock on weekly chart and you will see the its making continuous lower highs and has taken double support at 400-410 levels and pattern is about to break
Gujarat gas ltd is going to be uptrend ?as per my analysis by calculation and technically, . as per natural gas going to uptrend so gujarat gas also move upside in my view
Gujgas looks building base for a long journeySee the weekly chart
Forming its firm base on the weekly chart
If the fundamental sports it, no doubt it is good for investment
Gujrat gasStocks has been consolidation in triangle pattern for lasr 4 week also respect the triangle pattern trend line any time blast has been happen now 1 or 2 week good for buy with minimum risk
Gujrat Gas LtdGujrat Gas Ltd
Buy cmp 422
Sl- 403
Target- 450/470/500/530
Short Term Swing Trade
Reverse from major support level.
Analysis on 01/10/23
GUJGASLTDCMP: 422.90
1.Descending tringle Patten
2. 50 moving average dawn trading
If stock price 411.30 bottom day closing And retest than see bearish movement !
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
This content for only education purpose!
I am not SEBI Register.
Gujarat GasLooks good for a reversal as a bullishbdivergene has been spotted on a weekly time frame
As the sectoral rotation is being shifted to (Energy and Oil&Gas), GujGas can be one of the good bets.
For a safe entry, above 480 is the entry and for the aggresive ones, CMP is the best level.
GUJARAT GAS 1D TIMEFRAMEGUJARAT GAS 1D TIMEFRAME BRACK PATTERN
Hello guys this chart is only education perpose only ,
This chart is gujarat gas stock chart create pattern
Resistance - trendline follow wait trendline bracke
Support - 446 To 437 Brack and retest 405 level and brackdown stock is finally go down
upper side wait for 500 level and upper side resistance 580 is nxt target
GUJRAT gas in narrow range may give breakout GUJRAT gas in narrow range keep it in watch list for breakout if it breakout and then retest to 50 % of weekly candle we can go with applicable R:R. Always maintain sl on closing basis . Before investment do your analysis and study.
Gujarat GasGujarat gas is in the range of 430-530 from very long. while analyzing weekly chart we see 403 as a strong support and the downward sloping trading line is also about to break. One can make a small entry now and aggressive entry above the trendline breakout.
Recently on result day it made a low of 440 which looks out to be a bottom for the year, from there it made a good green doji candle and then 2 good green follow-up candles.
It is looking to fill the gap which it created and can give a good rapid move above 494 closing which is acting as a small resistance as of now.
Gujrat Gas Fake Breakdown | Bear TrapPrice was consolidating in a symmetrical triangle, broke down and then closed below it. This is usually BEARISH.
But today, it closed back above and inside the triangle again, invalidating the previous breakdown. This makes a FALSE BREAKDOWN/ BEAR TRAP.
False breakdowns/breakouts leads to a massive move on the opposite direction. In this case, UPSIDE.
So, we can see price going up till the upper line of triangle and eventually breaking out as well.
This can be a good entry point with stop loss below the swing low and next entry can be on the breakout of the triangle.
ready for breakout for weekely chart weekely chart is looking good for breakout pattern wait for confirmation and also 200 ema support so very high chance to breakout
GUJGASLTD
NSE:GUJGASLTD
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
gujgas possible upmovestock is in a consolidation for almost 1 year.
other oil companies have made a run already.
it could make a further move.
the end of wedge seems near and we have been bouncing of the lower TL for 1 yr and rejecting at the upper TL.
bought near the lower TL.
could break this time
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Gujrat Gas Ltd
🔍 Description: Stock moving in a bullish symmetric triangle, bouncing from support of triangle
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Gujarat Gas in a consolidation range.Gujarat Gas consecutive Inside Bars on the monthly chart. Price has been consolidating in a range between 450 and 530. A decisive close above 530 could lead to a move to 600.
GUJRAT GAS LTD | SWING TRADE | TRIANGLE PATTERNWatch out this daily symmetrical triangle formed in #GUJGASLTD
Symmetrical triangles are usually neutral triangles.
The direction in which breakout happens gives the future direction for the instrument.
So if price breaks the upper line of triangle, we can look to buy/long.
If price breaks the lower line of triangle, we can look to short/exit any existing positions.
