manuvsingh

GEOJIT Triangle Pattern Breakout with Volume

Long
NSE:GEOJITFSL   GEOJIT FINANCIAL S
GEOJIT : Fresh Triangle Pattern Breakout above 59 on Daily chart .
Price Bounce back from 50 SMA .

Huge Volume show Accumulation.
RSI showing positive divergence.

Looks good for up to 40% upside in short to mid term.

CMP : 60
Short Term view (1-3 months)
Target : 71

Mid Term view (3-6 months)
Target : 88

Almost 1:3 risk reward setup

SL : 52

On Weekly Charts Price has moved above 200 Weeks SMA
Indicates fresh Longs can be created for higher targets

Chart Only for Education Purpose

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