GHCL trade ideas
GHCL INVERSE H&S BREAOUT | WEEKLY CHARTS | RERATING Confirmed breakout on weekly charts, stock will look to test higher levels from here. These levels are good enough for anyone who wants to take a long trade with minimum risk. Buy is recommended keeping the levels mentioned on charts in mind.
Ascending Triangle PatternThe stock is making an ascending triangle pattern and looks good positionally above 224 level.
GHCL : available at low risk area.stock is available at support area. can be longed at 208 with SL of 202 for the target around 224. previous top.
GHCL Dynamuic Area Counter Seen !!Long Entry above the levels of 220 on weekly chart basis. Tgt for 250-260.
Disclaimer - For Educational Purpose Only.
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GHCL -LONG TERM BREAKOUT VISIBLEThis resistance zone is running since July 2019
Consolidation below this zone is a additional strength
GHCL - At resistance - will breakPrice after breaking the triangle pattern it successfully reached the resistance level and now one can expect the price to break this resistance and reach the next level of resistance as shown.
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GHCLIt seems bears dont have more power to take it down. It can be bought above 203 level with SL of 189
GHCL - Weekly AnalysisNSE:GHCL Levels already mentioned..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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GHCL Start accumulating in deep for InvestmentAs this stock is little overvalued but having very strong fundamentals. One can start accumulation of this stock in deep. The levels for accumulations are as follows 190/181/174/167/156/150.
These are all Fibonacci retracement level for accumulations.
The targets may starts from 214 / 253 / 273
GHCL Trading IdeaPennant pattern can be seen on chart. About 4-5 attempts at breaking out. Last 4 sessions have seen consolidation near the upper trendline. Trade may be entered into when there is a breakout with all volumes. Delivery volumes have consistently been above 40%.
Buy above 175
T1 : 203
T2 : 216
SL : 165.50
Thanks!
P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
GHCL BO with good volumeExpecting a more than 25% move in GHCL.
Gave a nice Breakout with good volume.
Perfect for going long with good risk to reward ratio.
GHCL :: Bullish Pennant formationGHCL is on the edge of breaking out from a bullish pennant pattern. Watch out for a breakout confirmation.
GHCLNews: a1 plus certificate from crediting company
highest rating
has been consolidating for some time now
flat senkou B attracts prices
#GHCLBoxBO
CCI(D) crosses 100
Reversal confirmation
Two strength candles
Minor retracement after breakout
Target 306 / 319/ 331 / 350
SL 265
GHCL - A STOCK THAT SHOULD BE IMMEIDATELY BOUGHTGHCL
CMP 349
Stop 270
Target 600 plus
Monthly Chart
1) Stock has completed a broad rounding bottom formation based breakout at 205 which has become a strong support.
2) Stock has done a post retracement breakout above previous swing high at 295 levels which is possibly the next level of strong support.
3) 30 period ma is acting as a resting point for the stock in its uptrend.
4) Stock has multiplied 2x to 3x on three occasions since its encounter with 30 period ma (from 39 to 95, 82 to 160, 101 to 295); stock expected to repeat given the similar pattern by atleast 2x times from 213 level which gives a target of 425 plus and 3x gives a target of 640 plus. Hence stock expected to reach an average level of around 530 levels.
5) Trailing stops and traders patiences recommended to capture the max benefit.
