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GUJARAT RAFFIA INDUST LTDGUJARAT RAFFIA INDUST LTDGUJARAT RAFFIA INDUST LTD

GUJARAT RAFFIA INDUST LTD

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GUJRAFFIA trade ideas

Gujarat Raffia Industries: Breaking Barriers with > 3X Surge! Trend Overview: The chart displays a strong upward trend in Gujarat Raffia Industries' stock price, showing a parabolic growth pattern. Volume Insights: Significant buying volumes are seen in intervals like 15m, 30m, 1h, and daily charts, all indicating a strong positive (BUY) signal. Volume surges align with price increases, reflecting robust demand. Key Highlights: Demand Strength: 100% (Exceptional momentum). Supply Strength: 0% (Minimal selling pressure). Moving Average: 88.12% bullish alignment. Periods of Note: 75-50 to 50-25 Zone: Gradual consolidation before breakout. 50-25 to 25-0 Zone: Explosive move with over 3X price appreciation, supported by higher volumes. Technical Signal: All timeframes align positively, favoring buyers. Green boxes indicate periods of strong accumulation followed by breakout rallies. Potential Opportunity: If the trend sustains, Gujarat Raffia may continue its upward trajectory. However, keeping an eye on volume patterns and resistance levels is crucial for risk management.
NSE:GUJRAFFIALong
by AbhayRF
Gujarat Raffia: From Quiet Accumulation to Explosive Breakout!Gujarat Raffia Industries Ltd., focusing on a significant upward movement after a prolonged consolidation phase. Here's a detailed analysis: Key Observations: Price Action & Trend: The price remained in a tight consolidation range during the "90-60" and "60-30" periods, with minimal volatility and reduced volumes. A strong breakout occurred during the "30-0" period, characterized by a steep rise in prices and a series of tall blue candles, signaling robust bullish momentum. Demand vs. Supply Strength: Current Candle: Demand Strength: 100% Supply Strength: 0% This indicates absolute dominance by buyers with no significant selling pressure. Moving Average Contribution: Demand Strength: 85.45% Supply Strength: 14.55% The bullish bias is supported by the moving averages, which act as dynamic support during the uptrend. Volume Data Analysis: 30-0 Period: Delta: +262.496K, showing a substantial influx of buying activity. Total Volume: 478.836K, the highest among the observed periods. 60-30 Period: Delta: +175.722K, marking the start of accumulation and buying interest. Total Volume: 183.106K, a notable increase compared to earlier periods. 90-60 Period: Delta: -7.288K, reflecting mild selling pressure or lack of activity. Total Volume: 36.954K, the lowest among all periods, indicating the stock was under accumulation. Projected Trend: The projected green trajectory suggests further upside potential, with the price expected to maintain its momentum and reach new highs. Conclusion: The chart reflects a textbook accumulation-breakout pattern, with demand overtaking supply decisively during the breakout phase. Accumulation Phase: During "90-60" and "60-30," the stock was quietly accumulated with low volatility. Breakout Phase: The "30-0" period witnessed a surge in demand, significant volume increase, and strong price action, leading to a sharp rally. If demand strength continues at current levels, the stock is poised for sustained bullish momentum.
NSE:GUJRAFFIA
by AbhayRF
Gujarat Raffia Industries _a breakout on cards and 90% upside!It was noticed that the stock has been in an bottoming and accumulation phase for more than 2 years starting Aug 2021 till date. During this 2 year phase the stock attempted to go beyond the INR 40 mark but the same proved to be a strong supply/resistance zone for the stock preventing it from going higher(though few spikes/tails managed to pierce it a few times). On the downside however, INR 27-30 kept providing a very strong demand zone/support for the stock(though a few tails pierced it on one of the occasions) and was probably used to accumulate this stock by interested parties during this phase. The stock gave a falling trend line breakout last week with growing volumes and has greater chances this time around of breaking-through the INR 40 wall that it could not break-down in past 2 years. There is little to no resistance for the stock once it closes(weekly) above INR 40.INR70-80 seem to be the only resistance on the chart which from current price are almost 90% upside. INR 33 can be used a 'SL' for this stock to enter around INR37-40 zone for a potential target of INR70-75. NOTE*-The views expressed are based on personal opinions/observations. Please do your own analysis of any company in which you wish to invest/trade.
NSE:GUJRAFFIALong
by neeraj_2_sharma