kathanthakkar403

Range breakout in GULFPETRO

Long
NSE:GULFPETRO   GP PETROLEUMS LTD
As the market is not in the mood we'll put tight stop losses, and one can book partial profits at some levels.

Chart -> GULFPETRO Daily

The stock has broken a 1-year long range today, near its 200-Days moving average. Volume has also popped out.

CMP: 61.75
Targets: 67, 70, 75
SL: 57 on a two-day closing basis

Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.

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