GGL was in WYCKOFF accumulation phase (Jan 2024-Nov 2024), followed by breakout and retesting at inducement level. It was in downward corrective channel for last 5 months and recently showed reversal and breakout, and in this process it has created two breaker blocks.
🚨 TECHNICAL BUY CALL – GGL 🚨
🎯 BUY ZONE: Rs. @15.5 (50% position) and buy 14 (50%)
📈 TP1 : Rs. 17.2
📈 TP2 : Rs. 18.2
📈 TP3 : Rs. 19.4
🛑 STOP LOSS: BELOW Rs.13.1 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – GGL 🚨
🎯 BUY ZONE: Rs. @15.5 (50% position) and buy 14 (50%)
📈 TP1 : Rs. 17.2
📈 TP2 : Rs. 18.2
📈 TP3 : Rs. 19.4
🛑 STOP LOSS: BELOW Rs.13.1 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail 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.