GUJGAS LONG - TGT 600 SL 550

Gujrat Gas is an interesting chart

1. Price crossed above 20 SMA on daily and weekly chart
2. ABCD pattern under formation on weekly chart

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%

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.