GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall.
Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking.
On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum.
It seems like the gap down was a SL hunting move for the breakout buyers.
The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone.
However, since its a news based stock, the risk associated is higher.
Please note that I am sharing this idea only for educational purposes.
One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking.
On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum.
It seems like the gap down was a SL hunting move for the breakout buyers.
The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone.
However, since its a news based stock, the risk associated is higher.
Please note that I am sharing this idea only for educational purposes.
One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
İşlem aktif
10%+ Move done.1680 from 1510.I am expecting minimum 1750 target before a pullback.
Not
1750!target 1 hit as expected
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.