GCIL's current price action indicates a favorable technical setup.
Key observations include:
Uptrend indication: The stock price is trading above the 200-day EMA, suggesting an overall uptrend.
Fibonacci retracement: A fake breakout was observed on April 3rd, which coincided with a 61.8% retracement level from the low of 8.82 (October 4th, 2024) to the high of 23.50 (March 3rd, 2025). The stock has since appreciated by 9.10%.
MACD crossover: The MACD indicator is exhibiting a bullish crossover from its bottom, signaling a potential reversal and strengthening of the uptrend.
Trading Strategy
Based on the technical analysis, a long position can be considered at the support level of 16.16. To manage risk, a strict stop-loss is recommended at 14.40. Potential targets for the trade are:
Target 1: 17.89, representing a 10.71% upside
Target 2: 20, representing a 23.76% upside
Key observations include:
Uptrend indication: The stock price is trading above the 200-day EMA, suggesting an overall uptrend.
Fibonacci retracement: A fake breakout was observed on April 3rd, which coincided with a 61.8% retracement level from the low of 8.82 (October 4th, 2024) to the high of 23.50 (March 3rd, 2025). The stock has since appreciated by 9.10%.
MACD crossover: The MACD indicator is exhibiting a bullish crossover from its bottom, signaling a potential reversal and strengthening of the uptrend.
Trading Strategy
Based on the technical analysis, a long position can be considered at the support level of 16.16. To manage risk, a strict stop-loss is recommended at 14.40. Potential targets for the trade are:
Target 1: 17.89, representing a 10.71% upside
Target 2: 20, representing a 23.76% upside
İşlem aktif
Near to its first target 🚀🎯🥳İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.