manuvsingh

GEOJIT Triangle Pattern Breakout with Volume

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manuvsingh 已更新   
NSE:GEOJITFSL   GEOJIT FINANCIAL S
GEOJIT : Fresh Triangle Pattern Breakout above 59 on Daily chart.
Price Bounce back from 50 SMA.

Huge Volume show Accumulation.
RSI showing positive divergence.

Looks good for up to 40% upside in short to mid term.

CMP : 60
Short Term view (1-3 months)
Target : 71

Mid Term view (3-6 months)
Target : 88

Almost 1:3 risk reward setup

SL : 52

On Weekly Charts Price has moved above 200 Weeks SMA
Indicates fresh Longs can be created for higher targets

Chart Only for Education Purpose
交易進行:
Geojit has achieved first Target of 71 today.
Had BO on 9th March, then fell to test its 200 Day SMA and resumed uptrend.

Now set for higher targets
交易進行:
Mid Term Target: 88
CMP: 96
Target achieved
Return: 60% from recommended price 60

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