Fundamental Perspective,
Positives,
1. Low Debt
2. Good ROCE
3. Increase in FII/DII holding
4. Company with Zero Promoter Pledge
Negatives,
1. Decline in Qtr net profit
2. Declining Revenue
Technical Perspective,
1. Strong Momentum
2. Tringle Breakout
3. Volume Profile -Price is above POC
4. RS is Positive
" MID Valuation Company with high...
The stock price is about to give a stong upside movement in upcoming days(breakout move). Trend reversal is expected from CMP. Would recommend to keep this stock in yourwatchlist for upcoming days.
Potential Stock for 20-30% returns . This Stock is my portfolio from last 5month and give weekly brakeout with good volumes. Recently chemical stocks moving very high and this may participate iat next one or two months
TRADING COMMUNITY
JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
Gujarat alkalis can give breakout if cross and sustains 745 in coming days , volumes are also increasing past 3-4 days , so keep tracking this stock as it has potential to give breakout
my targets for this stocks are- 800-850 in shortterm
Gujarat Alkalies & Chemical (GACL), incorporated in 1973, is engaged in business of manufacturing basic chemicals such as sodium cyanide, sodium ferrocyanide, chloromethanes, hydrochloric acid, caustic potash, potassium carbonate, phosphoric acid (85%) and hydrogen peroxide.
long spot 669
Key Points:
- Down Trendline breakout
- Resistance Level breakout
- RSI near 70 and Crossed RSI MA
- EMA crossed and good potential of up-move
- Potential upside of 15%
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
As you clear seen there is RSI DIVERGENCE in price chart as it indictates with reversal formation done one can get momentum pick around 644 with sl 602 target as per your RR .
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%
If we look at the charts of Gujarat alkali the volume and uptrend price movement speaks for itself. The stock has made all time high recently and is consolidating since then near the high levels.
The stock is making higher highs and higher lows on consistent basis and its available near the trend line. the targets based on fibonnaci comes out to be 1250, 1600 1800...
Came in the following scanner:
1. Mark Minervini Template.
2. 20 day Kelter channel squeeze.
3. Within 10% of 52 week high zone.
This criteria was met when the scanner was run on 16th September, 2022.
Additional characteristics that were looked at:
1. Volume dry up on pull back.
2. Relative strength in 200 day period as per Mansfield's RS indicator.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Gujalkali made flag n pole pattern on smaller time fram with decent volumes & its breakout confirms above 1020.
Could be bought with mentioned stoploss & targets.
