GITANJALI GEMS- Don't miss this gem(PUN intended)
Gitanjali Gems has formed a long term Symmetric Triangle which is going to give a breakout soon.
One can go long at CMP of around 64 with a SL of 61 on closing basis. Potential target of 70+ atleast.
Risk to Reward Ratio:1:2(assuming min target of 70, actual targets are higher.
Time Frame - 30-40days
Goodluck Trading!
One can go long at CMP of around 64 with a SL of 61 on closing basis. Potential target of 70+ atleast.
Risk to Reward Ratio:1:2(assuming min target of 70, actual targets are higher.
Time Frame - 30-40days
Goodluck Trading!
But after markets recovered you can see the explosive move it gave once it regained the levels of 60 and broke the trend line resistance.
2days 20%.
Charts did work.