GAL READY TO TOUCH ITS PREVIOUS HH OF 360+
Currently the stock has completed its retracement till 0.786 level on FIB, daily closing above 274 will post another capital gain of 9-10%, Initial TP is 300 with SL @ 216.5, TP2 as per the risk reward ratio of 1:1 is 331.5 and TP2 with RR of 1:2 of 389 rupees potentially offering 43% gain.
The stock as per ABCD pattern exposing the initial target of 300, giving daily closing above 300 will further open the horizon of 330 onwards. Trailing stoploss levels could be applied to maximize the gain, if an entry is made at 274
The stock as per ABCD pattern exposing the initial target of 300, giving daily closing above 300 will further open the horizon of 330 onwards. Trailing stoploss levels could be applied to maximize the gain, if an entry is made at 274
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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.