The idea here is about Gujarat Alkalies:
Gujarat Alkalies & Chemicals Ltd. engages in the manufacturing and sale of chemical products. Its products include caustic soda group, special chlorine derivatives group, sodium chlorate, caustic potash group, chloromethane group, phosphoric acid, water treatment group, and hydrogen peroxide. The firm's products are used...
GUJALKALI - Gujarat Alkalies
Context - Sustaining above 750, even though volume has dropped
This is after a high volume markup from 300 to 750
Plan -
to Purchase Breakout above 1000
or, rejection indications near 550
PB 1x
PE 10x
DE 0.1x
ROCE 13%
Div 1%
Guj Alkali- Cupn handle breakout >880.
Min tgt i.e size of handle Rs 1110.
max Tgt Size of Cup. rs 1510
Time frame- 3 mths for 1110 & 1yr for 1500
Delivery Idea, Gud portfolio stock
Accumulation zone 800-880, cmp 880
the stock has crossed its 2018 highs by forming a rounding bottom, which is a decent accumulation of 4 years. High conviction
L O N G T E R M T R A D E
SIP TRADE
DATE: 18 MAY 2021
INSTRUMENT: GUJALKALI
TREND: BUY
TIME FRAME: DAY
CMP: 433.95
BUY ABOVE: 444
STOP LOSS: 428
TGT 01: 480
TGT 02: -
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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GUJARAT ALKALIES AND CHEMICALS LIMITED
DATE: 18 MAY 2021
INSTRUMENT: GUJALKALI
TREND: BUY
TIME FRAME: 3 HRS
CMP: 433.95
BUY ABOVE: 444
STOP LOSS: 428
TGT 01: 460
TGT 02: -475
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
This analysis is purely based on price action and chart pattern.
The analysis is based on weekly/Daily TF, hence it may take price few weeks to months to reach targets.
The analysis is done in live market. hence it would be preferable if position is made near the end of the day.
Through this analysis, a special strategy of how to trade DARVAS BOX is explained.
...
NSE:GUJALKALI
All the description mentioned on chart only
Strict SL = 297
View for next 6 months
Disclaimer: The view is for study purpose only, I am not a SEBI register person please contact your financial advisor before investing.
