Gillette is in the same price range of 2017-18 but it has given a net profit of more than 1643 crores and it is 29% down from its lifetime high. SO it is currently an undervalued stock. If it reaches lifetime high then a profit of 37% is made on the bet but it will surely break the lifetime high and make a new lifetime high. The company has significantly reduced...
NSE:GILLETTE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
A very simple chart with a breakout. Spotted a little late.
The quality of the stock talks more than its technical. The stock is bound to climb as its a consumption stock. Mostly everyone needs a shave almost everyday.
Time frame though can be a weeks to a month.
Targets are around the 6450 - 6530 mark. One can look for targets even beyond the targets mentioned...
Gillette is one of the finest Brand or company and it is absolutely Debt free...Good opportunity to grab but Trade with Stop loss in such a risky Market.....
Nice move between parallels.. If breaks up, will be an easy one to catch. You may also prefer shorting it with a stop at the line but I will wait for the breakout..
It seems like Gillette India - ("The best a man can get") is gearing up for a potential big move. I am placing my bet on an upward breakout respecting the exiting long-term uptrend.
Entry above 6900 , Stop below 6300 (closing) for target of 9200
(Time frame 3 months) RR 3.83
