cup with handle pattern formed in Gabriel India dally, chart. the stock price reached a heavy resistance level if the stock gives a breakout then its give a good moment for upside.
This scrip attempts nearly 4 to 5 times to break the Resistance. Hope this time it will break the resistance and can move. So traders keep on your radar.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...
Gabriel India : Ascending Triangle Pattern Breakout on weekly chart.
Breakout above neckline at 128 and Price moving above 200 SMA.
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in mid to long term.
CMP : 128
Target 1: 151 in Short Term
Target 2: 202 in Short Term
SL : 112
Almost 1:5 risk...
Education purpose- Some serious accumulation in the stocks in the past few weeks, can consider for mid term to long term
Beware market is at higher level, wait to take right entry.
