Gujarat gas is in the range of 430-530 from very long. while analyzing weekly chart we see 403 as a strong support and the downward sloping trading line is also about to break. One can make a small entry now and aggressive entry above the trendline breakout.
Recently on result day it made a low of 440 which looks out to be a bottom for the year, from there it...
Hey traders Gujarat gas making a good pattern to take entry but we will wait for a perfect entry when it give breakout
For Upper side Resisance is 585
for down side suppport is 400
now gujarat gas on unbelievable price..its finacial also strig and chart pattern giving its confirmation..buy it now as uch as you can..best risk reward of it which is approx around 1:12..and i think thats a bewst deal for an investment..next 6 month target will be acive..around 50-70% gain...
keep learning and keep minting money
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⚪ GUJGAS is moving inside a Channel Pattern Since January 2021.
⚪ Currently Falling wedge pattern is forming inside the Channel , So there is a high probability for LONG.
⚪ ENTRY & EXIT :
• IF you have FOMO, then you can enter now with stoploss of range between 655-660 or Wait for clear confirmation to breakout from the falling wedge pattern...
MACD is in green. The RSI is upwards. Bollinger bands is getting wider with the price going up.
We can see a price surge up to 360 region before getting consolidated in next 1 week.
Stock is trading just below its crucial support. candle formed at 13:15 is backed with good volume, however some sellers came in pusses price lil lower.
Buy stock after closing above 320 having SL as 301
