Consider this setup as educational.
Multi confluence trade setup for bullish action.
a) Elliott Wave Analysis: Consolidation at 0.618 fib level of retracement. Complex Elliott wave 4 consolidation which on breakout would cause the rise of wave 5. Since wave 1 and wave 3 were of equal length, wave 5 should be largest wave.
b) Trend Analysis: Falling Wedge...
Buy NSE:GABRIEL as an investment pick.
Stock has given a excellent breakout with volume.
Buy near 87 odd levels.
SL below 75 (conservative investors)
SL below 68 (Investors)
Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for GABRIEL
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart
Fundamentals-
1)A very attractive small cap company in the space of auto anctillories.
2)Company is growing @ > 15% YOY.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> SBI Mutual fund holds 85L shares of this company.(Source-BSE India)
CMP-116(17th March'2017)
1st target-140(12 months)
Disclaimer : I am a private...
Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for GABRIEL
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Trade duration (max): 1 week
Note: Target, Entry and SL on chart
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
![GABRIEL: [Investment pick] Gabriel India](https://s3.tradingview.com/o/OdQYHE0B_mid.png "[Investment pick] Gabriel India")
