GHCL is a multi year reversal setup.
Previously it was able to sustain the multiyear support at 440
Once price sustain the support it made a small continuous pattern similar to cup and handle and given breakout at 553
Higher low in the continuous pattern shows the sign of trend reversal.
It is now facing small trendline resistance near 576 which can lead it to...
Volume is greater than Previous Session by 101%.
Price above 50-100-200 Day Moving Average. MA alignment is Bullish.
Momentum Indicators like RSI,BB,ADX,DC are all showing Bullish Strength.
Weak Below 650.
REady For Upside 750-800+
This stock has been range bound since last few years, with volumes now showing up in recent few weeks and stock trading way lower than industry PE we can expect a good upside upto 1200 in medium term.
