GULFPETRO trade ideas
GULFPETRO - BUY ACTIVE
GULFPETRO -GP Petroleums Limited - BUY ACTIVE
Chart Insights : Daily Chart
Stock closed at 84 on 04-Mar-23
We can see stock is formed cup & handle pattern and tried to break the resistance and can see that its sustained.
Best BUY on 60-65 level, keep monitor for future investment. If it crosses 100 level and sustain we can see good upside move.
Drawn support and resistance levels on chart for entry and exit reference.
Its for Risky Investment Players, others can invest less and wait for best buy level for good returns.
Gulf PetroKeep an eye on this one as it breaks out of the Gann levels and the important long term trendline and more important closed above 1/1 angle
Monthly 20 over 50 crossover in making which would be giving a good move as well.
Daily volumes have started coming in
SL below 59 on a weekly closing basis
#GULFPETRO 48 Buy Recommended TGT 63 (30%) SL 43 - Rachit SethiaGULFPETRO 48.70
TGT 63
SL 43
RR > 2.5
RETURN ~30%
TF < 6M
NSE:GULFPETRO
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
GULFPETROLEUM1.Company with Zero Promoter Pledge
2.Book Value per share Improving for last 2 years
3.Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
4.29.57% away from 52 week high
5. Price to Book Ratio - Low in industry
1 Month: Delivery volume increased by 24.17%
1 Day: Delivery volume increased by 5.23% over 5 day average
LIke if you agree