BUY GM BREWERIES CMP : 395 ; Entry Level 365- 385 Stop loss 310. Target -680 Duration 6 to 9 months
G M Breweries Ltd
confluence of spprt at 403-407 levels.
NSE:GMBREW
Earnings is key for this stock. Overall going bullish into the event
Stock looks good to long above (436-440) level For the targets of (460-470) / (495-510)
As per the Government decided to open wine shops in green zone hopefully there can be seen a breakout level as well. The first target will be 400 as the major resistance
TRADING ABOVE RESISTANCE.
...Levels mentioned in the chart
Target 800 by mid next week
Support is at 540, target is 744. No resistance or support in between.
the Support line didn't activate much well ..
Chart looks good. Looking to book a position around 1000 and hold on for previous highs with a tighter stop.
For the last few days,liquor shares are doing well but this stock is yet to perform. I think it will be a good buy above 1015. Lets see..
Technical : Monthly Chart : Flag Pattern Breakout Confirmed! @ 757.30 Technical Target : 1560
Weekly breakout at 533, Stock can be added between 500 to 533 and SL will be 489
Support around 380-390 zone. if sustains abv 380-390, good upside possible.
