Long

SWING IDEA - GOLDIAM

Updated

bags INR 600m worth of order for Gold Jewelry.
In addition, even the MACD is about to make a crossover on the weekly charts. This can indicate a good move upward as it comes at the same time that even the company has bagged a very huge order.
If everything goes well, the stock could easily hit the next Support/Resistance zone very comfortably and further up too.

Trade active

Note

14% Up this week and Marubozu candle on this week closing. Also, MACD has made a crossover too. Could start taking the stock further up.

Note

Positive News: Goldiam Bags INR500 Million Order for Diamond-Studded Gold Jewelry; Shares Up 5%.

Note

Achieved Max Profits of 15% so far. Keep holding.

Trade closed: target reached

Trade Completed. Target Achieved.
Despite a very Bearish Market today. Stock is locked in 20% Upper Circuit.
Total 33% Profits booked.
Time Taken = 4 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

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Kudos!!

Trade closed: target reached

Close to 40% Profits achieved from our Entry Zone. Congrats to those who are still holding on this trade and booking higher profits.

Trade closed: target reached

Achieved 62% from our Entry Zone. Congrats to those who still held on to this trade and booked even more higher profits.

Trade closed: target reached

Achieved close to 97% Profits from our Entry Zone. Congrats to those who are still holding on to this trade and booking higher profits.

Trade closed: target reached

Achieved 116% Profits.

Trade closed: target reached

Achieved 122% from our Entry Zone. Congrats to those who still held on to this trade and booked even more higher profits.

thepranam

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