GUJRAT GAS LTD --- POSITIONAL
GUJRAT GAS LTD -- DAILY CHART -- POSITIONAL
1. Rounding bottom pattern seen at daily chart ,
2. Bottom formation seen 405-408 around that level consecutive triple bottom candle seen indicate strong support formation
3. After sharp fall and downtrend consecutive red candle trend reversal doji candle form last closing daily candle indicate uptrend will possible from this level
4. uptrend will be confirm after next candle close above body of last doji candle which is above 425 , it is possible next candle also can be doji in that case wait for 1 day candle close above 425
5. RSI seen at oversold level and close to crossover point , which indicate uptrend after crossover
6, Buy level initiate above 425 for target 450-475-500 as positional target 1-2 month
7. Stop loss can be place bellow triple bottom support at 390 as positional stop loss
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ...trade at own risk !
HAPPY TRADING !
6. RSI seen
1. Rounding bottom pattern seen at daily chart ,
2. Bottom formation seen 405-408 around that level consecutive triple bottom candle seen indicate strong support formation
3. After sharp fall and downtrend consecutive red candle trend reversal doji candle form last closing daily candle indicate uptrend will possible from this level
4. uptrend will be confirm after next candle close above body of last doji candle which is above 425 , it is possible next candle also can be doji in that case wait for 1 day candle close above 425
5. RSI seen at oversold level and close to crossover point , which indicate uptrend after crossover
6, Buy level initiate above 425 for target 450-475-500 as positional target 1-2 month
7. Stop loss can be place bellow triple bottom support at 390 as positional stop loss
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ...trade at own risk !
HAPPY TRADING !
6. RSI seen
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