Gulf Oil Corporation – Momentum Trade

Gulf Oil


Gulf Oil Corporation Technical View


-> The stock was earlier recommended as a trade at 85-95 levels also.

-> Triangle breakout seen today with very strong volumes.

-> Before this the stock gave a breakout above 85-95 and did a quick move to 110.

-> For last 3 months the stock has been consolidating in a triangle.

-> Todays breakout should ideally take it to 120-130 quickly and even to 150-160 in medium term.

-> A technical stoploss would be at 98 and buying at 103-106.


Disclosure: Recommended at 103-105 to clients.


Thanks and Regards,

Nooresh Merani

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  1. ashish
    March 25, 2014


    Is the TRF call still valid as the stock came down a bit.. can we expect it to reach 200 levels in long term?

  2. rameez
    March 26, 2014

    ok sir.

    1. ashish
      March 31, 2014


      What do you mean by OK? Is that yes or no


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