GATM LONG TRADEGWLC gave breakout from Eight months WYCKOFF accumulation in Dec 2024. Plotting a high of 28, it was in a corrective downward channel since then. It gave a Spring on Re=test of this Breakout and has reversed.
Three things validate its reversal upwards:
1. Crossed above 20 EMA
2. Posted a Higher Low
3. Much Heavier Volumes on Up leg so far(47M)
🚨 TECHNICAL BUY CALL – GATM 🚨
🎯 BUY ZONE: Rs. 22.50-23.50
📈 TP 1: Rs. 26.40
📈 TP 2: Rs. 27.80
🛑 STOP LOSS: BELOW Rs 21.40 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.2
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.
