GUJALKALIGUJALKALI
weekly timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
GUJALKALI trade ideas
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
long spot 669Gujarat Alkalies & Chemical (GACL), incorporated in 1973, is engaged in business of manufacturing basic chemicals such as sodium cyanide, sodium ferrocyanide, chloromethanes, hydrochloric acid, caustic potash, potassium carbonate, phosphoric acid (85%) and hydrogen peroxide.
long spot 669
Tringle Brekout - Gujarat AlkaliesFundamental Perspective,
Positives,
1. Low Debt
2. Good ROCE
3. Increase in FII/DII holding
4. Company with Zero Promoter Pledge
Negatives,
1. Decline in Qtr net profit
2. Declining Revenue
Technical Perspective,
1. Strong Momentum
2. Tringle Breakout
3. Volume Profile -Price is above POC
4. RS is Positive
" MID Valuation Company with high momentum"
Entry: Current Price
SL: 739
Upside Potential: 1260
Gujarat Alkalies – Keep in RadarKey Points:
- Down Trendline breakout
- Resistance Level breakout
- RSI near 70 and Crossed RSI MA
- EMA crossed and good potential of up-move
- Potential upside of 15%
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Gujrat Alkalies Bullish ScenarioThe idea here is about Gujarat Alkalies:
Gujarat Alkalies & Chemicals Ltd. engages in the manufacturing and sale of chemical products. Its products include caustic soda group, special chlorine derivatives group, sodium chlorate, caustic potash group, chloromethane group, phosphoric acid, water treatment group, and hydrogen peroxide. The firm's products are used in various industries, such as textile, pulp and paper, soap and detergent, alumina, water treatment, petroleum, plastic, fertilizer, pharmaceutical, agrochemical, plant protection, dyes and intermediate, refrigeration gas, and epoxy.
Important Note: The Caustic Soda Market witnessed a significant growth as its demand stood at 68.76 million tonnes in 2021 and is expected to grow at a CAGR of 4.95% during the forecast period to reach 141.78 million tonnes by 2035 (courtesy of : www.chemanalyst.com)
I am bullish on Gujarat Alkalies due to below observed technical factors.
1. Anti Gartley Pattern Completed on a daily chart as per below:
2. Ascending Triangle on a weekly chart at the time of publishing as per below:
3. Guessing for a possible Sea Pony Pattern on weekly chart & CD price is colliding with Anti Gartley E Swing Price which is also one of the reasons for bullish momentum as per below:
4. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below:
5. Ichimoku Cloud analysis: Senkou Span A possible support and bounce off on a daily chart as per below:
6. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily chart & Weekly chart.
7. RSI is at 39.40 on a Daily Chart & 52.81 on a weekly chart at the time of publishing.
8. MACD Way above signal line on weekly chart & way below on daily chart.
9. Hull Moving average on daily chart is sell & buy on Weekly chart & other moving average is a strong Weekly & monthly chart. This is a very strong signal for upward momentum.
10. Wait for entry point. However, keep in mind about the current market condition. Since the equity is listed on CNXMIDCAP 200 and BSE 500 one can compare it with the movement of the index mentioned for price momentum.
Projected targets as per Anti Gartley & Possible Sea Pony Harmonic patterns provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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GUJALKALI - Sustaining above 750 even though volume has droppedGUJALKALI - Gujarat Alkalies
Context - Sustaining above 750, even though volume has dropped
This is after a high volume markup from 300 to 750
Plan -
to Purchase Breakout above 1000
or, rejection indications near 550
PB 1x
PE 10x
DE 0.1x
ROCE 13%
Div 1%
Gujarat alkali a nice techno funda pickIf we look at the charts of Gujarat alkali the volume and uptrend price movement speaks for itself. The stock has made all time high recently and is consolidating since then near the high levels.
The stock is making higher highs and higher lows on consistent basis and its available near the trend line. the targets based on fibonnaci comes out to be 1250, 1600 1800 2100 with stop loss of 750 on daily closing basis.
GUJAKALI Cup and Handle Came in the following scanner:
1. Mark Minervini Template.
2. 20 day Kelter channel squeeze.
3. Within 10% of 52 week high zone.
This criteria was met when the scanner was run on 16th September, 2022.
Additional characteristics that were looked at:
1. Volume dry up on pull back.
2. Relative strength in 200 day period as per Mansfield's RS indicator.
