vikasbhekare

GIPCL looks bullish

Long
NSE:GIPCL   GUJARAT IND POWER
GIPCL on a weekly time frame. It is trading at its support level, the resistance level a few sessions ago. There was volume when it broke the resistance level and was cooled down. There is no significant volume during correction time. It would be a high-probability trade if it retests the 142 level and starts climbing up. It will become weak below 130 levels. If you check the strength (RSI) monthly and weekly, it is above 60 & daily taking support on 40. Wait and watch price action for more confirmation to trade GIPCL.
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