Remember,This analysis is on Weekly Basis.So Stock may take a time to move.
Buy Gabriel India Ltd near CMP 105-107 and add more near 100 levels which is a trendline Support with SL 89 on weekly Closing Basis ..1st Target near 118 Zone &
then just see the price action near 118 to 122 zone.. If it breaks and close above 122 then add more for the target of 150...
Gabriel Ready to Breakout
Buy @ CMP | Short term Target - 162 | Positional Basis target - Above 200
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This...
Breakout of Inverse Head & Shoulder on Weekly basis..
Gabriel is showing a good momentum in recent sessions..
According to the reports, Gabriel is the supplier of shock Absorber to OLA Electric..
OLA Electric has made sales of Rs.1100 Cr. in 2 days. (Think of the Revenue Generated for Gabriel by this)
Looks Fundamentally & Technically strong on charts.. Keep on...
Stock Is Continuously Trading in HH-HL Formation
Making Rounding Bottom on Weekly Charts
it also heaving Good Fundamental
Once Can Add Here Some Quantity & Use every Dip to add
Short Term Target 168-175
Mid to Long term Target 200-220-250
134 was the good level to accumulate and it bounced exactly from that level that too within a week
It is now 7% up from in just 3 trading day.
It has more journey to go just waity and watch
1) Divergence can be seen on daily charts
2) Stock has retraced from the lower trend line in the past and is coming near trend line (133 levels)
3) Targets will be at least 160-170 and even more
4) Volume can be further checked when the stock tests lower trend line level
Simply Buy Gabriel India at current rate or around 133
target 167-170
SL 128
Disclaimer:...
