200% prior move and then its testing 50 DMA for first time.
So its tradable as pullback as well as high tight flag.
7 weeks cup and handle.
Though proper entry will be above 129, but if it closes above 124-25 with significant volume, aggressive buy can be initiated.
Target will be 140 and 158 i e horizontal S/R.
Stock is in good uptrend and consolidating on low volume and low volatility. It may give balastic move just because of little
demand as supply is almost over. It can be bought above 118 with SL of 109
First thing I wanted to tell that:
this company's earnings increased from 14 cr to 73 cr!
today is the earnings report.
Cup and handle formation also in it
it breaked it's consolidation channel.
it's the best time to enter at CMP.
And other four TGTs are mentioned in the chart.
do trade this.best stock for profit :)
There are related Ideas given and those who gone...
GAEL
last One and Half years trading at multiple channels.
Enter above 238 - 240 with good volume BO.
Target : 280
Support: Breakout line : 235, 220, 210
Sustaining above 87 marks & going above 90 could be a short term buy for the zone 94-95- Its a call for 2-3 days- while returning back & falling below 80 will be joined by bears.
With my novice brain I have outlined the below:
This stock is in uptrend and ongoing correction gives us the opportunity to re-enter at lower levels.
Pink hash-ed line above current price indicate Resistance and below indicates Support.
Buy zones at 2 support levels which co-insides with 50%-61.6% and 78.6 % Retracement on fib as well as gets the support of...
