GUJARAT GAS - Strong bullish BO: Expecting 30% ROI!
Overview & Observations :
1. Moving up from the 50% Fibonacci support level.
2. Volume Confirmation: Good volume on the breakout candle.
3. Price structure indicating upward momentum. Forminh HL-HH
4. Good rejection candle in W tf means, buyers are strong and dominant.
5. The RRR (Risk:Reward Ratio) is favourable.
6. Steady earnings growth, with good quarterly results potentially triggering a strong move.
Trade Plan:
- Entry: At CMP around 600
- Stop Loss: 10-15% below the entry on closing basis.
- Target: Aiming for a 50% upside potential and TP
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Moving up from the 50% Fibonacci support level.
2. Volume Confirmation: Good volume on the breakout candle.
3. Price structure indicating upward momentum. Forminh HL-HH
4. Good rejection candle in W tf means, buyers are strong and dominant.
5. The RRR (Risk:Reward Ratio) is favourable.
6. Steady earnings growth, with good quarterly results potentially triggering a strong move.
Trade Plan:
- Entry: At CMP around 600
- Stop Loss: 10-15% below the entry on closing basis.
- Target: Aiming for a 50% upside potential and TP
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
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Anubrata Ray
