GEOJITFSL trade ideas
GEOJIT FINANCIAL SERVICES 1DTHE STOCK HAS GIVEN A BULLISH BREAKOUT OF THE CUP AND HANDLE PATTERN ON DAILY CHARTS
THE STOCK HAS CONSOLIDATED IN A RANGE FOR ALOMST 2 YEARS AND NOW HAS GIVEN BREAKOUT
THE VOLUMES LOOKS VERY ATTRACTIVE
THE INDICATORS ARE IN FOVOR TOO
ONE CAN GO LONG FOR THE TARGETS MENTIONED IN CHARTS
Geojit FinancialGeojit Financial has given a strong a sustained breakout it is approaching a supply zone one can create a short there and then on the given pullback they can create longs in the given demand zone
now the 0.236 retracement of the eminent down wave from 2018 is around 45 where a lot of price action has played out and so one can wait for the price to reach that level and then see how the price is reacting to it.
Geojit Financial Services SHORTGeojit Financial Services has today opened today below the support of 36.45 and closed the at 36. Stock is also forming triangle pattern. Stock is likely to reach next support level of 31.55 within the coming days. If tomorrow stock open above 36.45 and closed around 38 breaking the triangle pattern then it can act strong indication of trend reversal. Otherwise I am short on Geojit Financial Services Buy at 36.35 Target at 32 and Stoploss at 37.75