The chemical sector are showing positive move from past few trading session. GHCL established itself in diversified segment of Chemicals, Textiles and Consumer Products segments.
Fundamentally, may avoid the stock but technically price action will generate subsequent gain in short term view.
The technical analysis based on simple descending triangle breakout with volume and price above moving average of 20, 50, 100 & 200. The resistance level will be a hidden channel pattern at level of Rs.450.
Entry will be at retest of Rs. 450 or above Rs 450.
Stop Loss will be support level mentioned in charts and target as per price action & momentum.
Thanks
Fundamentally, may avoid the stock but technically price action will generate subsequent gain in short term view.
The technical analysis based on simple descending triangle breakout with volume and price above moving average of 20, 50, 100 & 200. The resistance level will be a hidden channel pattern at level of Rs.450.
Entry will be at retest of Rs. 450 or above Rs 450.
Stop Loss will be support level mentioned in charts and target as per price action & momentum.
Thanks
Note
Entry will be at retest of Rs 400 or above Rs 450.Transaction en cours
Resistance broken !!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.