GCIL LONG TRADE - Second Strike (1-Hour Timeframe)
After achieving previous targets, GCIL presents an opportunity for further gains. The stock's movement has been in a stair-step uptrend pattern, mostly contained within an uptrend channel (light blue). Recently, the stock has formed another stair-step pattern and appears primed for an upward thrust from a recently formed order block.
🚨 TECHNICAL BUY CALL – GCIL🚨
- Buy 1: Rs. 20.15 (current price)
- Buy 2: Rs. 19.65
- Buy 3: Rs. 18.7
- TP 1: Rs. 21.7
- TP 2: Rs. 22.8
- TP 3: Rs. 23.99
- *Stop Loss*: Below Rs. 18.1 day Closing
- *Risk-Reward Ratio*: 2.62
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
After achieving previous targets, GCIL presents an opportunity for further gains. The stock's movement has been in a stair-step uptrend pattern, mostly contained within an uptrend channel (light blue). Recently, the stock has formed another stair-step pattern and appears primed for an upward thrust from a recently formed order block.
🚨 TECHNICAL BUY CALL – GCIL🚨
- Buy 1: Rs. 20.15 (current price)
- Buy 2: Rs. 19.65
- Buy 3: Rs. 18.7
- TP 1: Rs. 21.7
- TP 2: Rs. 22.8
- TP 3: Rs. 23.99
- *Stop Loss*: Below Rs. 18.1 day Closing
- *Risk-Reward Ratio*: 2.62
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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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.