Gujarat Alkalies - Long consolidation Breakout

1 Oca

Gujarat Alkalies is giving a strong breakout after almost a year. The stock is also forming ascending triangle breakout at the same time. If you closely observe the chart you will notice, the stock was in downtrend since Apr-2022 and now the long consolidation range is broken in upper side.The target of ascending triangle is 962 level which is also the immediate resistance level of the stock.


Disclaimer: The chart shared is for educational purpose only and does not have any buy sell recommendations.