Geojit Financial Services, the stock has made a significant upward movement but is now consolidating between ₹145 and ₹160. With the current price near ₹155 and strong support at ₹145, this suggests a potential range-bound trading opportunity.
Positional Trade Idea:
Entry: Buy near ₹145-150 on dips with a stop loss below ₹140.
Target: Initial target ₹160, followed by ₹175 on breakout.
Risk: Keep a close watch on the ₹145 support level, as a breach could lead to downside risks.
Key indicators like volume and RSI could provide further confirmation of trend direction.
Positional Trade Idea:
Entry: Buy near ₹145-150 on dips with a stop loss below ₹140.
Target: Initial target ₹160, followed by ₹175 on breakout.
Risk: Keep a close watch on the ₹145 support level, as a breach could lead to downside risks.
Key indicators like volume and RSI could provide further confirmation of trend direction.
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