GWLC gave breakout from six months WYCKOFF accumulation in Oct 2024. Plotting a high of 59, it was in a corrective downward channel. After breaking out that bearish channel, it was in WYCKOFF re-accumulation phase. It created spring on low volume distribution and gave a reversal recently by retesting the Oct 2024 Breakout point.
🚨 TECHNICAL BUY CALL – GWLC 🚨
🎯 BUY ZONE: Rs. 38-43
📈 TP 1: Rs. 44.5
📈 TP 2: Rs. 51.5
📈 TP 3: Rs. 58.5
🛑 STOP LOSS: BELOW Rs 35 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.9
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 – GWLC 🚨
🎯 BUY ZONE: Rs. 38-43
📈 TP 1: Rs. 44.5
📈 TP 2: Rs. 51.5
📈 TP 3: Rs. 58.5
🛑 STOP LOSS: BELOW Rs 35 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.9
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.