GHCL trade ideas
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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GHCL - Weekly AnalysisNSE:GHCL Levels already mentioned..
Note:
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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.