GGGL was previously in downtrend - then it went into WYCKOFF accumulation zone for 2 years and broken out from that in last Dec. It successfully retested that breakout twice, and now has made a SPRG at that important support level. Also, it made a bullish breaker block, which is a very safe place to enter this trade. It is now in a Double Bottom Bullish Flag Pattern, which is a precursor to upward move.
🚨 TECHNICAL BUY CALL –GGGL 🚨
🎯 BUY ZONE: Rs. 9.2-9.6
📈 TP1 : Rs. 10.7
📈 TP2 : Rs. 12.0
🛑 STOP LOSS: BELOW Rs. 8.7 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.6
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL
🚨 TECHNICAL BUY CALL –GGGL 🚨
🎯 BUY ZONE: Rs. 9.2-9.6
📈 TP1 : Rs. 10.7
📈 TP2 : Rs. 12.0
🛑 STOP LOSS: BELOW Rs. 8.7 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.6
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL
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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.