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
Trade fermée: ordre d’arrêt atteint
SL hit
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.