GUJENERGY

In a bustling gas sector, Gujarat Gas has carved out a very reliable supportive zone between ₹390-₹375. We’ve observed multiple inside bars forming, which typically presage a breakout. On the weekly chart, the stock has even crafted a compelling double, or arguably a triple, bottom pattern in this area. It's worth remembering that it previously rocketed 33% from ₹375 to ₹500. Trading currently around ₹432, the risk-reward ratio is outstanding, easily exceeding 1:2. For investors, this strong technical base and historical performance make it a very interesting prospect.