GATEWAY -COMPULSIVE BUY10 out of 10 analyst are recommending strong buy . trailing PE is 5.3 compare to container corpn 35 , deliveryH 147 , BLUE DART 59. trailing EPS growth 131 average broker forecast of price target of 96 . Now regarding technicals company has completed 1 st wave and now it is near to completing 2nd wave and soon 3rd wave to begin and we would be able to forecast 3rd wave target once uptrend begins . but high and low targets are 96 to 125 .This value stock is a porfolio buy and should be accumulated for high trading gains .
GATEWAY trade ideas
Gateway Distriparks (Swing):Gateway Distriparks (Swing):
Gateway is on a nice setup.
Here the present position offers a trade with RR of more than 1:7.
Script is also well set for a significant up move by breaking the all time high.
Appropriate demand and target zones are highlighted.
Check out my earlier views for a better understanding.
Note: Do your own due diligence before taking any action.
GATEWAY 30 Months Consolidation Potential BreakoutGateway Distriparks Ltd
NSE: GATEWAY
After a 363% UpSwing GATEWAY forming a 30Months+ Range consolidation at higher levels, forming a potential breakout.
Recent upmove from 27May23 to 05Jun23 confluences with bigger volumes and even it holding the price at higher levels for more than 45 days.
Expecting a bigger breakout around in GATEWAY sooner.