Gujarat Gas Ltd. is an interesting chart with following
FUNDAMENTALS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 21.0%
Company has been maintaining a healthy dividend payout of 24.9%
"TECHNICALS"
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on Weekly chart
3. Price walking on upper Bollinger Band on daily chart
4. Both SRS and ARS above zero
5. High Trade and delivery quantity during week
6. Stock outperforming sectoral index in both 1 week and 3 months
A Good Risk reward with Major Support at 550-556 zone being 20 Day and 20 Week simple Moving Average and ABCD pattern under formation with next resistance at 628-665-713 respectively
lets See how it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
FUNDAMENTALS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 21.0%
Company has been maintaining a healthy dividend payout of 24.9%
"TECHNICALS"
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on Weekly chart
3. Price walking on upper Bollinger Band on daily chart
4. Both SRS and ARS above zero
5. High Trade and delivery quantity during week
6. Stock outperforming sectoral index in both 1 week and 3 months
A Good Risk reward with Major Support at 550-556 zone being 20 Day and 20 Week simple Moving Average and ABCD pattern under formation with next resistance at 628-665-713 respectively
lets See how it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.