Geojit financial has shown cup and handle breakout from trendline.
We have seen similar chart in Heromotorcorp where ATH levels have been breached.
We might get to see a similar story in this stock.
Do check out my Hero motor corp analysis as well.
If you like my analysis, please like it and follow me for more such trading ideas.
Details:
Asset: Geojit Financial Services Limited (GEOJITFIN)
Breakout Level: Sustaining above 140
Potential Target: 180+
Stop Loss: Below 140 or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Geojit Financial Services Limited (GEOJITFIN) has given a bullish breakout and is now sustaining above the 140 level. This breakout could lead to further...
Good structure in GEOJIT
Very good volumes in uptrend and volumes dried in consolidation
Buy at CMP or add till 53
Target 76-84
SL-39(Closing basis)
risky bet please maintain money management and position sizing in this trade (in all small and mid cap stocks)
Market Cap-- ₹ 1,591 Cr.
ROCE-- 14.3 %
ROE-- 9.65 %
Stock P/E-- 15.1
Company is almost debt...
Bought @471 | SL @453
Immediate TG @500
- Geojit has also came out with their BUY at 473 with 20% target in 12 months.
So lets first target for T1 @ 500.
GEOJITFSL has formed right-angled and ascending broadening formation.
Short below 110
SL: 120
T1: 97
T2: 80
PS: This stock is not listed in FNO segment. So please use this analysis as a supportive tool for your intraday/investment setups.
![GEOJITFSL: [Positional] Geojit Long....](https://s3.tradingview.com/1/1tgGHPNi_mid.png "[Positional] Geojit Long....")
