#Gravita india stock give breakout off its cup and handle neckline -944. as per me stock can reach 1017 its first target and final target can be 1066-71. stock fundamental is good to as its earning is getting better in every result. its only for education purpose only am not responsible for your lose.
Gravitaindia
Gravita @ 435Gravita has been my top pick since pandamic. It has always performed the way a stock should in bull market buy on dips as a strategy.
Range Bound - 300 to 340 has been its range.
Supply range - 340 -345 being a range where it is getting resistance from.
200 DMA - stock is trading above 200 Day moving average which is a healthy sign.
Morning star - pattern at the lower end of the range can be seen or determined as morning star with bullish engulfing candle formation a bullish reversal can be seen.
Targets
break Out levels : sustaining above 342-345 i.e formation of 2 candle for probable will give big BO.
Fibo levels. - if we plot fibe levels we can see targets of 369, 411 visible in short to medium term.
Stop loss; if stock closes below 300 its time to be out of it.
Disclaimer : views are not the recomendation please take advisers view before placing position.
GravitaThis stock has given good breakout from decending parallel channel with good intensity of volume, also positive divergences in RSI and Macd signaled on daily time frame before breakout. RK's mass psychological Cloud buy activated and RK's buy signal activated, Rsi breakout also making scenario more powerful, adx showing good strength along with positive Dmi, Overall looking good to go long, with respected levels.
Breakout along with good intensity of volume
Positive divergence in macd
Positive divergence in RSI
RK's mass psychological Cloud buy activated along with breakout also along with buy signal
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly uptick now
Breakout in RSI of daily time frame
Price challenging upper bollinger band
Dmi adx also positive on daily time frame
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing