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Gateway Distriparks #27: Buy | Target Rs 123 | Arijit Banerjee

OUR RECOMMENDATION

CMP#110.75
IdeaBUY
Buy Range103 – 110
Target123 – 132
StopLoss*97
Duration50-60 Trading Sessions
Potential Return^19-20%
CMP#IdeaBuy RangeTargetStopLoss*DurationPotential Return^
110.75BUY103 – 110123 – 1329750 – 60 Trading Sessions19 – 20%

# CMP on Feb 22, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 117.
^ The returns are calculated based on CMP#

COMPANY OVERVIEW

Incorporated in 1994, Gateway Distriparks is an Integrated Logistic Solution and temporary storage/warehouse facility for international trading and shipping corporations engage in various services like cargo stuffing, customs handling, container repairing, first and last-mile connectivity through its fleet of trailers and services across automobiles, gas, oil, chemicals and textiles sectors. In Q3FY19 the company’s net income was improved by 6% YOY to Rs.103 crore, and Net Profit dropped by 17.5% YOY to Rs.16.23 crore.

Stock Data
NSE CodeGDL
SectorNifty Infra
52W High227.95
52W Low96.15
Face Value10
Relative Performance_Gateway Distriparks vs Nifty Infra Index

TECHNICAL OBSERVATIONS (WEEKLY)

  • The stock has completed its downfall since 2015 all-time High, and we believe that recent Weekly Low around 98 would continue to hold as strong support levels.
  • Weekly closing above Medium Term resistance showing bullish confidence.
Gateway Distripark_Monthly & Weekly Chart
Gateway Distripark Monthly & Weekly Chart

TECHNICAL OBSERVATIONS (DAILY)

  • On the last trading session, the stock manages to open above 10 & 20 days moving average and closing further upside.
  • MACD Divergence showing further bullishness.
Gateway Distripark Daily Chart
Gateway Distripark Daily Chart

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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