On the basis of technical analysis it is suggested to hold Gujarat Alkalies. With Gujarat Alkali, the entire chemical space is sort of buzzing for one reason or the other. Therefore, it is suggested to stay where you are.
Recently, the share of the company touched its 52-week high Rs 818.10 and 52-week low Rs 321.35 on 07 November, 2017 and 26 December, 2016, respectively.
At present, the company is trading 5.51 percent below its 52-week high and 140.56 percent above its 52-week low.
When it is expected that the share would go up to somewhere around Rs 880-900 then it is better to hold Gujarat Alkalies. You would have a hold on Gujarat Alkalies with a stoploss of Rs 650 and target would be somewhere around Rs 880-900.
Gujarat Alkalies and Chemicals was quoting at Rs 773.00, down Rs 12.25, or 1.56 percent at 15:28 hrs.
Presently, it is trading 5.51 percent below its 52-week high and 140.55 percent above its 52-week low.