buy above 275 keep sl below 273
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
LOOK FOR BUYING OPPORTUNITIES ONCE IT CROSSES 263 LEVELS. GAVE A BREAKOUT WITH GOOD VOLUMES AND RETRACED WHICH IS A GOOD SIGN FOR AN UP MOVE STOP LOSS AROUND 250. TARGET 1- 270 TARGET 2- 285. STUDY THE CHART IN MULTIPLE TIME FRAMES TO GET A BETTER IDEA.
MAINTAIN STRICT STOP LOSS.
Technical analysis on the basis of price action for short-term swing. I am still in the learning phase open to discussion on the same. This is my personal analysis take your decisions while doing your own research.
DAILY SWING CALL // Friday 16th of April 2021 // NSE:GHCL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 229.70
TARGET: 264 (15% Around)
Price after breaking the triangle pattern it successfully reached the resistance level and now one can expect the price to break this resistance and reach the next level of resistance as shown.
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As this stock is little overvalued but having very strong fundamentals. One can start accumulation of this stock in deep. The levels for accumulations are as follows 190/181/174/167/156/150.
These are all Fibonacci retracement level for accumulations.
The targets may starts from 214 / 253 / 273