In the Weekly Chart of GINNIFILA ,
we can see that, after Cup & Handle Failure, it has given breakout and retesting is aslo done.
Enter at 31 with SL as 29.30.
Book your profits as per your RR trade plan.
Ginnifila Hourly chart breakout of previous selling zone. Good to buy at 39.65 for target of 43.20 and 48.80 with sl of 37.70 --> Short term .. Daily targets/Hourly Targets.
Analysis Points : - NSE:GINNIFILA
- HH - HL Formation
- Near Demand Zone - Down move with dry volume
- Accumulation by strong hands in past few days.
- Outperform Nifty in a month by 14%.
- Rounding formation on monthly chart.
Ginni filaments on verge of breakout .
it forms a cup & handle pattern and following a price action of U pattern from the chart when compare with the previous chart history
SWING TRADE : Breakout of Double bottom (W) pattern. Already gave close above neckline. Only caution is last 2 candles were 10% UC, so there can be profit booking.
Cup & Handle
Breakout above 16 already confirmed
Target: 27 - 36
Strong Support Zone :18-16
Stop Loss : 16
Monthly Candle Sticks chart
Rounding Bottom Pattern BO with neckline at 16 already done
Next target is 27
Study Notes
Ginni Filaments Daily Line Chart
Resistance : 24-32-46
Support : 18-14
Ginni Filaments Weekly Line Chart
Resistance : 24-32-45
Support :...
