Gitanjali- A tripple correction unfolding (Above 49 for 54)

There is a tripple correction, which could be unfolding & it could one more minor league within Z-Wave which looks plausible above 49. Currently above 49 -we shall look for the zone-54 to 56.

Or Selling could be expected only below 43.50 strictly.

There is no trading zone between 43.50 to 49

So, Gitanjali shall have to pass with some more pain in the coming days once the rising trendline connecting X-X gets breached & stock possibly can go below 30 mark as well.

Be careful with the levels

Regards,
Abhishek H. Singh, CMT

Trade active:

16:52 Hrs- 18th Sep2016

Opened gap up -Expected a minor leg upside -became an explosive leg upside above 60 handles -hmm