Remember,This analysis is on Weekly Basis.So Stock may take a time to move.
Buy Gabriel India Ltd near CMP 105-107 and add more near 100 levels which is a trendline Support with SL 89 on weekly Closing Basis ..1st Target near 118 Zone &
then just see the price action near 118 to 122 zone.. If it breaks and close above 122 then add more for the target of 150 Area.
Now it looks like forming Inverse Head & Shoulder Pattern...
Safest Breakout Entry of this Pattern is above 125 on Weekly Closing Basis..
The Best Strategy to enter any stock before Pattern Breakout is that,Enter with smaller quantities and add more when level meets our Criteria with Perfect Risk Managment.
Buy Gabriel India Ltd near CMP 105-107 and add more near 100 levels which is a trendline Support with SL 89 on weekly Closing Basis ..1st Target near 118 Zone &
then just see the price action near 118 to 122 zone.. If it breaks and close above 122 then add more for the target of 150 Area.
Now it looks like forming Inverse Head & Shoulder Pattern...
Safest Breakout Entry of this Pattern is above 125 on Weekly Closing Basis..
The Best Strategy to enter any stock before Pattern Breakout is that,Enter with smaller quantities and add more when level meets our Criteria with Perfect Risk Managment.
Trade active:
Both Buying Level of 105 and 100 level activated
Comment:
1st target hit 118...now wait for weekly candle close above 122
Comment:
131
Trade closed: target reached