GULF OIL LUB. IND. LTD.
Panjang

GULF OIL LUBRICANTS FORMING INVERSE H&S PATTERN

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The stock has been forming an inverse head and shoulder pattern since 2017 and price moved in a narrow sideway trend however at the same time the fundamentals of the company have jumped multifold , eventually price will meet value and as a result the long consolidation is coming to the end this stock literally has all the ticks for both fundamental and technical analyst

FIIs are increasing , PE is the lowest amongst its peers , PROFITABILITY and SALE have shown immense growth

1110-1084 was a curcial resistance for the stock which is breached leading stock to run till 1700 levels and futhermore from there onwards

Penafian

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