Good volume seen in charts.
Will it Retest for perfect entry ?
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
GNA Axles Ltd. is engaged in the Business of manufacturing auto components for the four-wheeler industry, primary products being Rear Axles, Shafts, Spindles and other automobile components for sale in domestic and foreign markets.
GNA Axles CMP is 420.90. The Negative aspects of the company are MFs are decreasing stake. The positive aspects of the company are...
Greeting Folks,
today i have prepared a setup on GNA nse
my simple analysis as follows
- following a dynamic trendline
- made a static resistance and tested it twice
can break it now
done play with fire always use pre defined stoploss
BUY ON CMP FOR THE ABOVE TARGET
GNA AXEL TRYING TO BREAK THE 860 LEVEL
if tomorrow it breaks 860 then the next target will be 890
use stop loss also as per your risk capacity
Cup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side.
. Increasing volume with an increase in price.
. Breakout of consolidation on the daily timeframe of 700-710 levels.
. Increasing Relative strength against Nifty 50.
. 680-700 levels acting as a good demand zone.
Entry near 720-730 levels with 50%...
Don't you think history will repeat ?
Setup -
1. Stock is forming Triangle Pattern
2. Trading above 200 EMA
3. Can give breakout above the resistance level
📊 Script: GNA (GNA AXLES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components & Equipment's
Key highlights:
📈 Script is trading at upper band of BB and given breakout of BB.
📈 There is Crossover in MACD.
📈 Double Moving Average is also giving crossover.
📈 Right now RSI is around 70....
GNA AXLES - Wykoff accumulation accompanied by major cup formation in the longer term.
A breakout above the box can invite healthy targets here.
After breakout, go long with a SL of 200 ema.
Bottom Buying Idea
Buy GNA AXLES above 575
- Small Resistance around 595-600 levels
- For Short-Term: Keep SL of 519 (DCB)
- For Mid-Term:
1. Add more around 515-520
2. SL for Mid-Term: 460
Targets:
T1: 644
T2: 685
T3: 720
Recommend this pick for Mid-Term.
Levels marked on chart!!
Please see the chart of GNA axle where in 4th has just completed and it's going for new uptrend.
Guys do your analysis before any trade execution i can be wrong too.
I WOULD SUGGEST A LONG POSITION IN GNA AXLES, SINCE IT HAS FORMED A ROUNDING BOTTOM ON A WEEKLY CHART, A STRONG SUPPORT CAN BE SEEN AROUND 454 LEVEL AND AROUND 420 LEVELS.
I AM NOT A SEBI AUTHORIZED ANALYST THIS KNOWLEDGE IS ONLY FOR EDUCATIONAL PURPOSE.
