Geojit Financial Services - Breakout Setup, Move is ON...#GEOJITFSL trading above Resistance of 147
Next Resistance is at 228
Support is at 96
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GEOJITFSL
Risky reversal trade for 2x returns!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.
Bullish Breakout: Geojit Financial Services Sustaining Above 140Details:
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 upward momentum, with the potential to reach or exceed the 180 mark.
Market Analysis:
Technical Breakout: The sustained move above 140 following the breakout indicates a strong bullish trend, with the potential to attract further buying interest.
Market Sentiment: Positive sentiment around GEOJITFIN, possibly driven by favorable market conditions or strong financial performance, may support this upward move.
Price Target:
The target for GEOJITFIN is set at 180+, based on the breakout and sustained upward momentum.
Risk Management:
Implementing a stop loss strategy below 140 is crucial to manage risk in case of any unexpected price reversals.
Timeframe:
The move towards 180+ is anticipated in the short to medium-term, but actual timing may vary based on market dynamics.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
GEOJITFSL : Breakout Stock#GEOJITFSL #breakout #swingtrade #momentumtrade
GEOJITFSL : Swing trade
> Breakout with huge Volume
> Momentum stock
> Good Strength in stock
> Overall Positive structure in D/W charts
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
GEOJITFSL Daily looking bullishGEOJITFSL Daily has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 51.60 for target of 64 with sl below 46.55
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