18.02.24 Watchlist candidate Rationale: -->> Sector looking strong and stock outperforming index -->> Young Stage 2 stock -->> Lockout rallies indicating urgency -->> Base1 bottom to Base 2 top --->>160% rally -->> Stock respecting 50 DMA showing linear progression (less complications)
GALLANTT on a daily timeframe Bull flag pattern Wait for breakout Entry @ 203 Sl @ 180
Good momentum is expected from here. It's clean and breakout with a Volume spurt. You can enter the trade tomorrow and expect at least a 30 - 40% return within a few days. Please do your own analysis before entering the trade. These are just my views please follow strict stop loss and target. Thanks Darshan
GALLANTT ISPAT LTD gave symmetrical triangle chart pattern breakout after retest with strong bullish candle and gud volume bar on weekly time frame also gave weekly resistance zone breakout with gud volume at daily time frame. looking promising for swing trade maintain proper RR before engaging in position.
A Potential Bullish Reversal in the Making Gallantt Ispat Ltd. (GALLANTT) is an Indian steel manufacturing company that has been listed on the National Stock Exchange of India (NSE) since 1995. The company produces a wide range of steel products, including hot-rolled coils, cold-rolled coils, galvanized coils, and color-coated coils. Recent Price Action The...
it entered into an agreement with East Coast Railway to buy and own Rail Wagons to get rid of wagons shortfall with Indian Railways
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
Recent breakout with volumes is observed in the gallant ispat keep a track of it.
NSE:GALLANTT Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult...
NSE:GALLANTT Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult...
GALLANTT NSE PENDING BREAKOUT ABOVE 88 88 is resistance for GALLANTT. Above 88 it will make new 52 week high and all-time high. A decisive close above 88 is needed..... NSE:GALLANTT
The stock has given a clean Cup and Handle Break out on the Monthly charts suggesting that more strength is to be probably be seen in the coming months. Again since this a monthly chart, it can take some time to move.