GUJARAT GAS LTD FOR LONG Gujarat Gas Ltd. is a prominent player in India's natural gas distribution sector. Here are some positive aspects about the company:
Market Leadership: Gujarat Gas Ltd. is one of the largest city gas distribution companies in India, providing natural gas to domestic, industrial, and commercial sectors.
Extensive Network: The company has a vast pipeline network, enabling it to reach a large customer base across multiple states.
Strong Financial Performance: Gujarat Gas Ltd. has demonstrated consistent revenue growth and profitability, reflecting its robust business model.
Environmental Benefits: The company promotes the use of natural gas, a cleaner and more environmentally friendly fuel compared to traditional fossil fuels.
Innovation and Technology: Gujarat Gas Ltd. continuously invests in advanced technology to enhance operational efficiency and customer service.
Government Support: The Indian government's focus on increasing the use of natural gas in the energy mix provides a favorable environment for the company's growth.
Customer-Centric Approach: The company is known for its customer-centric approach, providing reliable and efficient services to its clients.
Sustainability Initiatives: Gujarat Gas Ltd. is committed to sustainable practices and reducing its carbon footprint, aligning with global environmental goals.
Strategic Partnerships: The company forms strategic alliances and partnerships to expand its reach and improve service offerings.
Skilled Workforce: Gujarat Gas Ltd. boasts a skilled and dedicated workforce, contributing to its overall success and reputation in the industry.
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Gujaratgasltd
GUJARAT GAS: Gap filling due??The chart is pretty self-explanatory as always. But as usual, Below are some good-to-know pointers.
- The price has been stuck in a range for about a year now
- The support zone is holding up. But for how long, we do not know.
- The best case scenario will be the break of the support inviting sellers followed by filling of the long due gap and a recovery. Again, this is a scenario, not a prediction.
- If the support holds, We will see a good up move only when the crucial resistance zone is broken and the price sustains above it.
- Weekly Moving averages have negativity written all over them. The 50EMA has crossed 100EMA. The price is trading close to 200EMA after taking support from it.
What do you make of this price action?
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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