GUJGASLTD trade ideas
Gujarat Gas ltd - Perfect Breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Gujarat Gas | Looks GoodHigher Trade and Delivery Quantity : 2.3X
Outperforming Benchmark index
Outperforming Sectoral index
Increasing relative strength
Increasing Sectoral Index
Chart Also Looking Good
GUJGASLTDGujgas made inverted head & shoulder in 30 min chart.
Should be bought with mentioned stoploss & targets.
Marking EOPB of Downtrend with SqueezeMajor Trend: Downtrend
Intermediate : Sideways (marking as Pullback of Major Trend)
Structure: Squeeze
Setup: Squeeze breakdown with high momentum bar.
Entry:
1) On retest of POS
2) on Follow-thru
just for educationLONG
ACCUMULATE AT (660-670), TARGET : 700, 720, 750, 780
SL: BELOW 640 (CLOSING BASIS)
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Long opportunity in Gujarat Gas We can see strong support zone in Gujarat Gas stock. There is high probability that this will go upside.
Please do your due diligence before investing your hard earned money
Gujrat Gas IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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GUJGAS doing perfect technical movements. Target 800Gujgas did a massive wave 3, beyond the 161.8% of wave 1 & then did a deep wave 4 correction. Then, it bounced perfectly off triple support - 200d ema, Wave 3 high & 78.6% retracement. Now, the *minimum target* is length of wave 1 placed at wave 4 low, i.e. 800
GUJGAS - Regular bullish divergence assisted by demand zone.Regular bullish divergence assisted by demand zone. The follow up should be bullish
Gujarat GasThis stock is correcting for a while. Today it seems a lot of short recovery and heavy quantity has been traded with high delivery percentage.
Intraday buying opportunity in Gujarat GasIntraday buying opportunity in Gujarat Gas
In hourly time frame it formed falling wedge pattern.
Entry 693
Stoploss 686
Target 700/703.45
GUJGAS LONG HIGH PROBABILITY OPPURTUNITY TRADE⚪ GUJGAS is moving inside a Channel Pattern Since January 2021.
⚪ Currently Falling wedge pattern is forming inside the Channel , So there is a high probability for LONG.
⚪ ENTRY & EXIT :
• IF you have FOMO, then you can enter now with stoploss of range between 655-660 or Wait for clear confirmation to breakout from the falling wedge pattern and resistance zone.
• First target 720, Second target is 740 and Third target is 760-780.
GujgasGujrat Gas Daily RSI and hourly RSI is at lowest level.
Upmove possible upto 800.
May be end of falling streak and new High in next few weeks.
Bullish Trend to follow /\/In the Long run (Daily chart),
Whenever the stock takes the support of 50 EMA, it rises upwards with volume in the long run.
Risk-takers can take a call to buy the stock for the long term.
GUJGASLTD possible upmoveGUJGASLTD as taken support on 44SMA. Possibe long entry with target of 748 and stoploss of 697
Long GujgasltdChart of Gujrat Gas LTD looking good.
Important levels marked on the chart.
NSE:GUJGASLTD
Education purpose only.
