GIPCL - Bullish
Updated
This stock has following attributes after seeing 3 Breakout after reversal
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Consistently making daily high higher then previous high/closing since last 7 sessions
7) Northward Price movement after breaking out from Price Action
Targets as marked per the Fibonacci Retracement.
Ideas and Analysis is a academic exercise and no recommendation to BUY
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Consistently making daily high higher then previous high/closing since last 7 sessions
7) Northward Price movement after breaking out from Price Action
Targets as marked per the Fibonacci Retracement.
Ideas and Analysis is a academic exercise and no recommendation to BUY
Trade active
Movement due to Inverted Head and Shoulder completed. Profit booking also completed. Upward movement has resumed with a 3 white soldiers pattern and strong vol and momentum.
Next target marked at 1.27 fibonacci level.
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