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skandha1986

GLAXO - Double bottom breakout - 30% upside potential

Long
GLAXO SMITHKLINE P (NSE:GLAXO)  
skandha1986  
NSE:GLAXO   GLAXO SMITHKLINE P
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
GLAXO has given double bottom break out on weekly timeframe with divergence and rising volumes. It is a good trend reversal indication.
Target is coming to 1900 levels.
SL: Daily candle close below 1335 levels.
Note: This stock has been in correction since last 7 years. May turn out to be 2x/3x opportunity if gains good upside momentum in coming days. Strictly trail SL.
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