buy for 3-5 months not immediate upside. god if close above 155-160
Entry Should Be Above Breakout Level. Buy, Stop loss, Target Mentioned On The Chart. (P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)
GICHSGFIN on a weekly timeframe about to closed above weekly resistance of 130 levels. Also It has broken out of the descending trendline which started from August 2019. If it breaks the upper trendline, we can see further more upside of targets 175, 210
GIC HOUSING FINANCE CHART LOOKS GOOD.. IT'S CUP & HANDLE PATTERN BREAKOUT.. GOOD TO BUY AT THESE LEVEL.. PROS : - Stock is trading at 0.60 times its book value Company has been maintaining a healthy dividend payout of 18.43%. OPPORTUNITIES : - Positive Breakout Third Resistance ( LTP > R3) Highest Recovery from 52 Week Low Decrease in Provision in recent...
GIC HOUSING IS IN UPTREND WITH HH & HL FORMATION MAKING ROUNDING BOTTOM ON DAILY CHARTS VOLUME PICKING UP BREAKOUT CAN BE SEE IN NEAR TERM THEN WE CAN SEE THE HUGE UPSIDE CMP 136-137 SL 125 TARGET FOLLOW 147, 158, 170
Expecting Long Till: Target 1: 157.5 Target 2: 170.5 Stop Loss1: 129 Stop Loss 2/Consolidation Zone/ Re-entry possibility: 125.5
This scrip has breakout from two wonderful patterns. Refer to daily chart for more clarity. All TLs are multi touch hence making them more evident. For volume spike, the breakout happened in the late hours, check the hourly volume big spike!!
Here is my view on GIC housing Finance for Investment for long side.
Trendline Observation(s). A simple trendline breakout on Daily Chart of GIC HOUSING FINANCE. BUY 130 -> 150, 160, 170. Next Resistance zone at 190 -> 215 -> 230. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
can go long on above 130 level for target of 153 with sl of 123 closing basis .
GICHSGFIN is trying to break its weekly resistance zone with good volume. It will be good bet above 121 if continues its move T1 130 , T2 150 SL 113
If it breaks and sustains above 122 than we may see target of 130 and 140
Note: This is for educational purpose only. There seems to be a build up near resistance supported with buying volumes/ buying pressure. Moreover, RSI above 60 indicates bullish momentum.
The is in the fifth elliot wave cycle which is likely to end at 138.2% fib.extension of the 3rd wave.......roughly around 155 level....as shown in the chart