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.
RIC : GUJALKALI
EXCHANGE : NSE (INDIA)
SECTOR : CHEMICALS
DAILY SCALE
Fnding patterns inside a pattern, this seems to be a good candidate to go long which is also above 200 day moving average
Two Strong Bullish Patterns 4HR CRAB & Daily GARTLEY Forming Strong POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
Bearish Butterfly
Ultra high volume up bars - trap of Smart Money Professionals are selling into the public buying – Higher volume.
SET UP BECOMES VALID ONLY when RSI s below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
Potential SELL
BEARISH Shark + Butterfly Pattern given good reaction on Type1 entry with XA 88.6 as PRZ & hit Target now price is again came in PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL...RED HORIZONTAL LINE is WEEKLY R1 ,R2 & R3 Lines..Reversal from Butterfly zone or from SharkXA88.6 as PRZ or from Shark 1.13as PRZ ?
Ultra high volume up bars - trap of...
Investment Rationale:
Increase in prices of Caustic soda since Aug 2016 could last for some more quarters benefitting GACL’s margins
In-house R&D, plant and technology up- gradation could help to improve capacity utilization going forward
GACL’s capex plans could help to expand its business going forward
With sound financials, company is on track to...
