Gabriel India : Ascending Triangle Pattern Breakout on weekly chart.
Breakout above neckline at 128 and Price moving above 200 SMA.
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in mid to long term.
CMP : 128
Target 1: 151 in Short Term
Target 2: 202 in Short Term
SL : 112
Almost 1:5 risk reward setup
Chart Only for Education Purpose
Breakout above neckline at 128 and Price moving above 200 SMA.
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in mid to long term.
CMP : 128
Target 1: 151 in Short Term
Target 2: 202 in Short Term
SL : 112
Almost 1:5 risk reward setup
Chart Only for Education Purpose
