GPIL - Important support/resistance levels

Key highlights:

- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Has been consolidating in a range of about 140 points.
- Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 525.
- Since the stock is in a heavy uptrend, we are only concerned with upside target.
- Any pullback towards the range low seems like a buying opportunity.

Disclaimer:This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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