December 16, 2020
Gateway Distriparks runs container freight stations and inland container depots. - The Hindu×
Investors with a short-term perspective can buy the stock of Gateway Distriparks at current levels. The stock took support at ₹70 in early and reversed direction triggered by positive divergence on the daily relative strength index. Since then, the stock has been on an intermediate-term uptrend.
In mid-November, the stock conclusively breached a vital medium term resistance at ₹100 and continued to trend upwards. Over the past one and half months the stock has been on a short term uptrend. On Wednesday, the stock surged 4.4 per cent with good volume strengthening the short term uptrend. The stock trades well above the 50- and 200-day moving averages.