Gitanjali Gems has formed a long term Symmetric Triangle which is going to give a breakout soon. One can go long at CMP of around 64 with a SL of 61 on closing basis. Potential target of 70+ atleast. Risk to Reward Ratio:1:2(assuming min target of 70, actual targets are higher. Time Frame - 30-40days Goodluck Trading!
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The stop was triggered cause market had crashed and lost about 450point. But after markets recovered you can see the explosive move it gave once it regained the levels of 60 and broke the trend line resistance. 2days 20%. Charts did work.