GGGL trade ideas
GGGL LONG TRADEGGGL 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
Monthly Breakout but still...Monthly Breakout; However, still at Important Resistance zone.
Once 10.70 is Crossed & Sustained, 12 - 12.50 can be easy Targets.
It has given a Breakout from Rectangular Channel around 8.70 - 9.
& also re-tested it.
Hidden Bullish Divergence has also appeared.
as of Now, it should not break 6.60.
GGGL: Potential Weekly Breakout TradeGGGL presents an interesting weekly trading opportunity. The stock recently broke out from an approximately 100-week consolidation period, signaling a potential long-term upside. Following the breakout, the price successfully retested the weekly support zone around 8. The weekly candle closed at the 0.5 Fibonacci retracement level, a key area for potential reversals. A bullish divergence initially signaled potential upside, and although the price subsequently entered a consolidation phase, the RSI has now synced with the price action, suggesting renewed upward momentum.
Trading Recommendations:
Buy 1 (CMP): 8.5
Buy 2: 7
Stop-Loss: Closing below 5.5
Take Profit 1: 10.5
Other Potential Targets: 16, 20, and 30 (near all-time highs)
Happy trading!
GGGL is BullishPrice seems to be in the accumulation phase on weekly time frame, however a matured bullish divergence hints the control of bulls, the bullish sentiment is further confirmed by the printing of first higher high. If this is broken in coming weeks then we can expect a bullish rally from here. Targets are mentioned on the chart.