Stock of the day : Gujarat Gas Ltd. For Target Rs.620 - Religare Broking
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Gujarat Gas Ltd
* GUJGASLTD has witnessed a breakout from its two year consolidation phase which strong volumes.
* Stock have rebounded higher finding support around the neckline of the breakout which also coincides with short term moving average.
* Thus following price action and volume activity, price looks set to resume its upmove and surpass its previous swing high.
* Traders can consider fresh longs in the mentioned range
BUYGujarat Gas Ltd. CMP 590.95 Range 589-592 SL575 Target 620
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SEBI Registration number is INZ000174330
