GHCL
GHCL LONG TERM IDEAGHCL long term chart. this like i said in the previous idea i published is getting stronger fundamentally. weekly timeframe shows breakout with good volume, retest with minimal volume and now its going up again with good volume. looking forward into the demerger of this company which will be a positive sentiment. targets are marked on the charts and this is published as technical breakout but also implicating fundamental strength.
GHCLNote:
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Intraday Trade: watch for resistance breakoutbuy 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
and revised SL below candle Low.
DAILY SWING CALL // Friday 16th of April 2021 // NSE: GHCLDAILY 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)
STOP LOSS: 206 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
GHCL - At resistance - will breakPrice 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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GHCL Start accumulating in deep for InvestmentAs 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