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Gujarat State Petronet Ltd - Huge Volumes today

Discussion in 'Technical Analysis' started by tarak_desai, Sep 7, 2012.

  1. tarak_desai

    tarak_desai New Member

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    Gujarat State Petronet Ltd is seeing huge volume today.

    Till now over 1,546,501 shares were traded as compared to its 5-day average of 365,370 shares.

    Whats your view Shabbir?

    Thanks
     

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    tarak_desai, Sep 7, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Some big parties shares changed hands.

    Technically stock is showing strength for last few months but then 126 to 65 is something to watch for as well.

    Some smart investor may be piling on the stock but I prefer to let them outsmart me.
     
    shabbir, Sep 7, 2012
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  3. tarak_desai

    tarak_desai New Member

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    >>Some smart investor may be piling on the stock but I prefer to let them outsmart me.

    Technically it doesn't show any patterns right ?
     
    tarak_desai, Sep 7, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    It Shows. :scared:

     
    shabbir, Sep 7, 2012
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    After a long down trend It came up and from June starting it is making high top high bottom pattern.
    According to me if anyone one buy @ cmp 75.50 then he should follow the strict stoploss of 70 for the target of 85 to 90. and if it manage to cut 92 with volume then it may touch 102 as well.

    About technical pattern before when down trend it was making low top low bottom and currently it is making high top high bottom.

    Share ur views.
     

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    sanjay_sansanwal, Sep 7, 2012
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  6. tarak_desai

    tarak_desai New Member

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    Entered today @75
     
    tarak_desai, Sep 11, 2012
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  7. tarak_desai

    tarak_desai New Member

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    Was frustated with no movement over time and got out @76
     
    tarak_desai, Sep 18, 2012
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  8. sujan4bw

    sujan4bw Member

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    On what parameters you took position.
     
    sujan4bw, Sep 18, 2012
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  9. tarak_desai

    tarak_desai New Member

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    Only high volume :) I know was a mistake...
     
    tarak_desai, Sep 18, 2012
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  10. harjeetcisco

    harjeetcisco New Member

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    GSPL has a major strong support around 67-73 buy near 67-73 in small parts stop near 65 on closing basis with a target of 85+
    but be aware the Central Govt. is cracking .......
     

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    Last edited: Sep 18, 2012
    harjeetcisco, Sep 18, 2012
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