110 views
GHCL is on the edge of breaking out from a bullish pennant pattern. Watch out for a breakout confirmation.
Trade active:
Pattern is not complete, but still I entered for target of 190 as it seems like a breakout.
Comment:
Seems like a breakout, but retracement candle was seen immediately the next day. Lets wait.
Trade closed: target reached:
Target of 190 reached and even hit 200.
Comments
Hi Vipin, Excellent call on GHCL! I saw it today only.
I am holding it since 2016 bought @ 217. I missed to sell in the last bull run of the stock.
What's your view now?
Thanks
I am holding it since 2016 bought @ 217. I missed to sell in the last bull run of the stock.
What's your view now?
Thanks
Reply
@chandresh_b : Thanks Chandresh, I believe it won't go below levels of 190-200 again. It may consolidate before next bullrun. I entered at 170, now I have trailed my SL to 190.
Reply