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GRINDWELL NORTON LTD

Grindwell Bullish reversal

By naraykln
Updated
Grindwell norton making Cup & Handle pattern. Look at the false breakout. Long upper shadow signifies selling pressure. It's either good to wait for weekly close or have SL at breakout level. False breakout then retraced to 61.8 fib retracement and took support. Also, it was long term trendline support. Plus look at the long lower shadow which signifies strong bullish reversal. I had alert below 2K as I was expecting it to take fib & trendline support and got triggered.
Comment
It's been a tough week for several stocks. Always wait until the week closing. Looks like weekly closing would happen within long term trendline.
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Cup and Handle going good for target 2900 & 3100
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Increased quantities today
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Q3 QoQ was down YoY was up. Grindwell is getting grinded cuz of that. Hope the long term trendline doesn't break.
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Fundamentals of the stock made me to held on to this stock. Target 1 reached
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ATH breakout retest completed after reaching near target 2. Company has great fundamentals
Cup And HandleFibonacciGRINDWELLTrend Lines
naraykln
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