Note:
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
GM Breweries long indications based on chart pattern.
Had been on down move and then gave a double bottom pattern and near the consolidation phase. Currently at the levels where it seems to give some momentum in the chart.
Expecting levels of 649 - 748 in the near term if sustains with good volume with strong base at 530 levels.
No recommendations, just my...
BUY - GM BREWERIES
CMP - Rs. 599
Target - 1: Rs. 810
Target - 2: Rs. 1020
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Technicals -
1) Bullish Flag BO, supported with high volumes.
2) Historical trend ranging from August' 15 to May' 18 resembles the current trend, indicating a bullish continuation.
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Fundamentals -
GM Breweries Limited (NSE:GMBREW) is an Indian company engaged in the manufacture...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
It has been observed that the price action breaks above strong resistance level of 500 level and also a consolidation over 100 weeks (700 days), indicating a sustainable strong movement ahead. Another big news in market that promoted this breakout is the initiating plans of "online alcohol delivery" in selected states. This may increase the revenue and growth of...
This is follow-up on G M Breweries. Can check link to related ideas.
Target 1 achieved. More than 19%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing 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...
DAILY SWING CALL // Thursday 15th of April 2021 // NSE:GMBREW
// 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: 407.15
TARGET: 468 (15% Around)
STOP...
Price has been consolidating in a range and is confined within a down sloping trend channel. It is also within striking distance of the 200-DMA. This one in my watchlist
