GITANJALI GEMS- Don't miss this gem(PUN intended)Gitanjali Gems has formed a long term Symmetric Triangle which is going to give a breakout soon.
One can go long at CMP of around 64 with a SL of 61 on closing basis. Potential target of 70+ atleast.
Risk to Reward Ratio:1:2(assuming min target of 70, actual targets are higher.
Time Frame - 30-40day
About GITANJALI GEMS LTD.
Sector
Industry
CEO
Mehul Chinubhai Choksi
Headquarters
Mumbai
Founded
1986
ISIN
INE346H01014
Gitanjali Gems Ltd. is engages in the manufacture, branding and retail of diamond and jewellery. It operates through Diamond and Jewellery business segments. The Diamond segment includes manufacturing, export, and sale of cut and polished in the local market. The Jewellery segment manufactures, export, and sale of plain gold, diamond studded, and branded and unbranded jewellery. The company was founded by Mehul Chinubhai Choksi on August 21, 1986 and is headquartered in Mumbai, India.
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