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GITANJALI GEMS to soon trade in single digit figure
looks good keeping mind the long term perspective
For review of Junaid Sir
Gitanjali GEMS seems to have made cup & handle pattern on its weekly charts & is on the cusp of breakout with huge volumes.
Request experts to provide your valuable feedback as this is my first chart. Please correct me if I am wrong.
buy 4 long term
Everything explained on the chart..
As we observed Retracement at RSI being 85+, what is the current position now ?
GITANJALI : Sparkling like a diamond
Multi year breakout.
Priceaction is breaking the resistance with high volume. Can buy the stock for the targets 100, 120 and 130. Always consult your financial manager before investing.
What is cooking over here? Stock has failed to close above 77 levels in the past, can it finally close above it and start a new leg on its journey? Let's see!
Gitanjali gem on daily chart forms Flag & pennant pattern ,Go long if it makes a breakout above the pennant .For atarget of 79 . S L 62/-
based on the break out expecting a small up move
There is a tripple correction, which could be unfolding & it could one more minor league within Z-Wave which looks plausible above 49. Currently above 49 -we shall look for the zone-54 to 56.
Or Selling could be expected only below 43.50 strictly.
There is no trading zone between 43.50 to 49
So, Gitanjali shall have to pass with some more pain in the coming ...