1.Strong Weekly Closing. 2.Volume addition observed. 3.Head and Shoulder Breakout.
once cross hurdle...it will zoom to kiss next target
Gillette broke its range with huge volumes and is retesting dynamic support now. Volumes and delivery are interesting. Something is cooking at this counter. RR is pretty good to initiate a long trade now!
Looks good for the short term upside with the targets mentioned with the black.IN 3-4 WEEKS for updates can follow on twitter. More to be added later on. SL 4700 CLBS
Add Gillette in your watchlist as it has given breakout of it's long time trendline, although the candle appearing is red outside the trendline. We should wait for one good green candle, and check should not break it's 20 day EMA at 4922. Next immediate support at 4900, if it break then further downside possible. Supply zone is near 5500-5600. Write in comment...
Everything is visible on the charts. Gillette rests at a very good supporting trend line and has taken a bounce from the lower end of the rectangular range. Accumulate with 6000 as SL for few months. The view is purely educational. Consult a certified professional before initiating any positions.
Bounced off long term support levels. Can go long but always keep a safety net with a stop loss 2% below marked price.
GILLETTE techno funda amazing pick for long duration holding
Gillette produces a monthly breakout. After a consolidation for a period of 16 months, price broke out in April very strongly. Technically, the consolidation phase can be considered as a bullish continuation pattern i.e. Bull flag and that means a big uptrend is only about to begin. Technically speaking, potential for the upside is nearly 45%.
Flag and Pole Binet's Formation Detected Multiple Pinbar Support seen Bottom confirmed and at 38.2 fibo on D CCI34 forms a Binet's Formation