#gael A multi-year breakout seen, plus superb quarterly result published. Based on the chart fresh long position can be created in the range of 180-200 with SL below 175 and target of 260. Expected timeline - 4 months. #swing #positional
Sl - 148
Can we bought half quantity now and the other half after the retracement.
Volume are increasing on breakout which is a good sign .
Fundamentally good stock to focus on.
Only quality stocks are shared here. I focus on quality ONLY.
Shoot up your queries in comment section.
Fundamentally strong company, CMP 115, PE < 10, all numbers good
Moving in a parallel channel, and if it continues, targets of 250+. FYI, this is a monthly chart, so expect this to take time, 2-3 years
1) Stock has taken support at Yearly VWAP
2) Stock has taken support at previous quarter high
3) Next Quarter's pivot zone higher than current quarter's pivot zone.... suggests a possible bullish outlook.
4) PEMA oscillator starte sloping upwards.
5) Relative strength with respect to broader market is sloping upwards.