Gravita has formed rounding bottom and now it is in the process of breakout or it may form handle. In that case rounding bottom will become cup and handle pattern. So I applied fib levels. When the price crosses .382 which is above 90pts with high volume it will make the price to reach 130 and 160 in 1 to 2 yrs. Consult your financial manager before ...
On stock Gravita India as previoisly I have mentioned negative divergance on daily charts it is showing positive divergance on hourly chart after taking support over 50 days EMA .. I think it has made a bottom on support of 50 days EMA... Now my expection is it may boom to 75-80 region within 2-3 months....Good to buy at current level value for money ......
CMP: ...
This stock is showing a bullish expansion where candels are riding with upper bollinger band with higher volume.. this stock has a very strong uptrend with target of 100+ .....
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BSE:GRAVITA
