Long Granules @342 | May Break the falling channel|
Updated
GI is facing resistance by the trendline of a falling channel. It may be rejected below 342
Attempted few times to break but according to me this time it will break with increasing volumes. Tomorrow Laurus results will set the tone for API stocks.
Delivery % is around 41% , which is quite decent.
Stock most important accumulation area is 337-341.
Risky buyers may enter CMP
safe buyers enter after 342 on a closing basis.
My Targets
T1 -> 348 (90% prob)
T2 -> 356 (60% prob)
T3 -> 365 (40% prob)
SL - 324
Long term investors hold till the results. It may cross 400.
Thanks.
Attempted few times to break but according to me this time it will break with increasing volumes. Tomorrow Laurus results will set the tone for API stocks.
Delivery % is around 41% , which is quite decent.
Stock most important accumulation area is 337-341.
Risky buyers may enter CMP
safe buyers enter after 342 on a closing basis.
My Targets
T1 -> 348 (90% prob)
T2 -> 356 (60% prob)
T3 -> 365 (40% prob)
SL - 324
Long term investors hold till the results. It may cross 400.
Thanks.
Note
can enter now for longtermNote
Long above 340 on 1hr candle closing.Note
Very near to the breakout. Attempted 5th time for the breakout ...yet rejected.... wait for the breakout with volumes :)Trade active
Breakout Done....has to stay above 340Trade closed: target reached
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