GILLETTE INDIA LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
GILLETTE trade ideas
GILLETTE NSE WTF/MTF 5Yr BreakoutE GILETTE has formed a 5year Rounding bottom Cup on the Monthly Time Frame including nearly completing a Retest. Hitting a ATH 9500
The Stock shows support at the 50EMA, 21EMA is above 50EMA currently.. .wait for reversal
Early Entry can be taken with 25% Qty when the price closes above the previous week High.
Add Quantity as price moves higher in tranches of 25% when weekly close is above previous week high
Swing Entry recommended at 8700 Day close with a @14% upside from current price..
Keep SL below the previous Week Low
GILLETTE ATH / CUP BreakoutGILLETTE is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains.
Entry: Enter a long position at GILLETTE's ATH price + 4% (8,465.60)
Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (6,772.50)
Targets:
First Target: 10,614.95 (Fibonacci 1.618 level)
Second Target: 12,144.75 (Fibonacci 2 level)
Third Target: 16,149.50 (Fibonacci 3 level)
Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1%
The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits.
The position sizing ensures that you are not risking more than you can afford to lose.
Disclaimer:
This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions.
Additional Notes:
Consider using technical indicators and chart patterns to refine your entry and exit points.
Monitor market conditions and adjust your strategy accordingly.
Practice risk management techniques to protect your capital.
Please let me know if you have any other questions.
GILLETTE will break its previous highGillette is in the same price range of 2017-18 but it has given a net profit of more than 1643 crores and it is 29% down from its lifetime high. SO it is currently an undervalued stock. If it reaches lifetime high then a profit of 37% is made on the bet but it will surely break the lifetime high and make a new lifetime high. The company has significantly reduced its other costs and increasing it revenue and net profit. It is trading at a lower P/E ratio that its average 10 year P/E. It has a CWIP of 74 crores which means the company is looking for expansion. The company is debt free which makes it a safe share to buy and get huge gains.
GILLETTENSE:GILLETTE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
GILLETTE INDIA LTD (LONG)This stock has taken support twice near 5640 level.
stock is expected to move up from here.
Also taking support a trendline.
Buy 5760
add more at 5640 if it touches
Keep SL 5543
TGT 5911 - 6052 - 6179
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
GILLETTE INDIA LTDA very simple chart with a breakout. Spotted a little late.
The quality of the stock talks more than its technical. The stock is bound to climb as its a consumption stock. Mostly everyone needs a shave almost everyday.
Time frame though can be a weeks to a month.
Targets are around the 6450 - 6530 mark. One can look for targets even beyond the targets mentioned in the longer term. It's an investment stock.
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