013 Geojit Financial Trading for Long Term, second entry 10-jul-

Geojit Financial Services Ltd. is an investment services company in India

We have discussed this last time and it is going in up-trend as per expepectations. We were looking for the next entry point on small time frames
If you see on 7th July its a clear breakout at price 81 by bullish kattan candle. we were looking for some retrace move & it went as expected, started looking on Hourly time frame for 61.8% retrace move from that point market moved in up-trend direction. the 1st target is 86.05, achived on Friday, the next target could be 99.00 plan is to hold the this trade till 99 and then take the decision of shall we continue holding or how?

www tradingview com/x/hmFD43tb/

reference : 004 Geojit Financial Trading for Long Term 24-Dec-20

Monthly:
Since 2017 it was a downtrend now the market is going in up direction & it a good pattern - looks like it is going to be an uptrend from here onwards.

Weekly -
You can clearly see there is a breakout and now it is retest and going in the up direction

Daily -
It is a continuation of the uptrend
With an Entry ~ 55
Stop loss at 46
We can expect a profit 1st Target @ 82

If we can see the R&R then it comes to be 2.48 so it is really a good setup,
I have opted for 100+ Shared got 50 Shares yesterday remaining I will get it on Monday ..
Stay tuned I will keep posting the updates on my action on this trade

If you see any challenges to understand or Learn this technique please call / Ping me

Thank you !!
Avinash
+91 9975415566