Multiyear Range Breakout With Huge Volumes In Gillette
1. Gillette made high of 8140 in October 2019
2. High of October 2019 has broken in September 2024 ( 5 Year Breakout )
Trade:
Buy 50% Here At Cmp 8528
Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level.
SL - 7150 ( Monthly Closing Basis )
3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level.
( Target 1 ) = 12000
October 2019 High - Jan 2023 Low + October 2019 High
8140 - 4135 + 8140 = 12145
( Target 2 ) = 16149
Draw A Fibonacci From October 2019 High To Jan 2023 Low
Retracement Level Of 3 Which Is 16149 Will Be Target 2
Time Frame - 2-3 Years
Fantastic Fundamentals Is Cherry On The Cake
2. High of October 2019 has broken in September 2024 ( 5 Year Breakout )
Trade:
Buy 50% Here At Cmp 8528
Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level.
SL - 7150 ( Monthly Closing Basis )
3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level.
( Target 1 ) = 12000
October 2019 High - Jan 2023 Low + October 2019 High
8140 - 4135 + 8140 = 12145
( Target 2 ) = 16149
Draw A Fibonacci From October 2019 High To Jan 2023 Low
Retracement Level Of 3 Which Is 16149 Will Be Target 2
Time Frame - 2-3 Years
Fantastic Fundamentals Is Cherry On The Cake
Note
(8528 + 8100)/2 = 8314 Average Buy
Gillette is up 26.9% from buying price in such weak market :)
Power of the analysis. Keep booking profits like 20% on such rise and rest Hold for bigger gains.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.