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.
Gujaratgas
GUJARAT GASGujarat gas is very less volatile stock this stock can't give one sided movement so be carefull in this type of stock.Gujarat gas support is 462
GUJARAT GAS LTD Trend Line Breakout On Daily time Frame.*GUJARAT GAS LTD*
Time Frame : Daily
Observation:
*Trend Line Breakout on Daily time Frame.
*Tested Breakout Level 520 - 535
Resistance/Target: 577 611 66 721
Support: 488 445 403
Gujarat Gas looking strongX/2 entry can be taken in Gujarat Gas can be taken above 560 closing. Second X/2 entry or compounding can be done above 580. The targets for Gujarat Gas will be 619 in the medium term. Long term target for Gujarat Gas will be 676. Stop loss can be kept at closing below 481. Gujarat Gas has shown increase in net profit margins, the company has low debt and it is reducing debt further. It is a company with Zero promoter pledge where MFs are increasing stake.
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
GUJARATGASLTDAll the key levels are mentioned in chart with Stop-loss and Targets.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
