On daily TF, GCIL has been consistently following AB=CD pattern with Fib 50% retracement on previous two occasions.
On the same premise, one can take trade for quick profit booking. Moreover, it is also observed that volumes are more than previous occasions, therefore, the prices could even be pushed further up than AB=CD suggested. RSI still has some room to play and EFI is suggesting very strong buying.
Trade value
Buy : 38.46 (CMP)
SL: 34.50
TP-1: 42
TP2: 44
On the same premise, one can take trade for quick profit booking. Moreover, it is also observed that volumes are more than previous occasions, therefore, the prices could even be pushed further up than AB=CD suggested. RSI still has some room to play and EFI is suggesting very strong buying.
Trade value
Buy : 38.46 (CMP)
SL: 34.50
TP-1: 42
TP2: 44
Operación cerrada: precio stop alcanzado
SL hit
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.