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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.