Gillette India Limited - Breakout Setup, Move is ON...#GILLETTE trading above Resistance of 9802
Next Resistance is at 11182
Support is at 8140
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.
GILLETTE
Gillette India Limited - Breakout Setup, Move is ON...#GILLETTE trading above Resistance of 8140
Next Resistance is at 9802
Support is at 7186
Here is previous chart:
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.
Multiyear Range Breakout With Huge Volumes In Gillette1. Gillette made high of 8140 in October 2019
2. High of October 2019 has broken in September 2024 ( 5 Year Breakout )
Trade:
Buy 50% Here At Cmp 8528
Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level.
SL - 7150 ( Monthly Closing Basis )
3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level.
( Target 1 ) = 12000
October 2019 High - Jan 2023 Low + October 2019 High
8140 - 4135 + 8140 = 12145
( Target 2 ) = 16149
Draw A Fibonacci From October 2019 High To Jan 2023 Low
Retracement Level Of 3 Which Is 16149 Will Be Target 2
Time Frame - 2-3 Years
Fantastic Fundamentals Is Cherry On The Cake
Breakout in Gillette India Limited...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.
GILLETTENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Looks good for short & long trem !!A Good upside can be seen on this stock...After a good Correction from the top levels this stock is avaliable @good price! (from 6200 -5900 levels)
This a underperforming Stock in current Markets
Holding company:
P&G-75%
FII & DII- 13%
Rest- 12% (Out of which there are 4%/5% is with strong Players & rest 6/7 % with retail investors)
Technically:
Price Crossed 50 EMA & Retracted & Now ready to Bounce Back!!
Fundamentally strong stock!!
CAGR- 39% (last 7 years)
ROCE - 51%
ROE - 37%
Has a lot of famous brands!!
Now also enetred in Womens space.
Has a Great Potential can be a Good buy!
Breakout in Gillette India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Add GILLETTE in your watchlist !!!Add Gillette in your watchlist as it has given breakout of it's long time trendline, although the candle appearing is red outside the trendline. We should wait for one good green candle, and check should not break it's 20 day EMA at 4922. Next immediate support at 4900, if it break then further downside possible. Supply zone is near 5500-5600.
Write in comment what you think about this stock and breakout.