GMM Pfaudler Ltd. engages in the design, manufacture, and market of chemical processing equipment, which are used in the pharmaceutical, specialty chemicals, agro chemicals, and chemical processing industries. It operates through the following business segments: Glass Lined Equipment; Heavy Engineering; Mixing Systems; Engineered Systems & Acid Recovery; and...
1) 4 months consolidation 2) Breakout with engulf candle and good Volume 3) Re-test Now Perfect Entry
As per my analysis, when NSE:GMMPFAUDLR give breakout and close any 45min candle above level of 1490. It could be best buying opportunity with stop loss of 1400 (-90 Points risk). My expected upside target would be 1655 (+165 Points) & 1825 (+335 Points). Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Disclaimer: I am not a SEBI Registered Research Analyst and all these analysis are based upon own study and experience. Reader should take a note that, they should consider their goals and financial planners for taking any decision and consider this study as just a reference for research. I keep altering my positions so I may or may not be invested in my suggested...
Major trend line broke downside. Along with below 200 EMA on daily basis. Can plan downside with proper risk management.
The stock has Cypher Pattern Probability on Daily Chart, if it unfolds stock might test 5000- 5100 levels in the coming sessions. Buy on Dips for me.