Gravita has been my top pick since pandamic. It has always performed the way a stock should in bull market buy on dips as a strategy.
Range Bound - 300 to 340 has been its range.
Supply range - 340 -345 being a range where it is getting resistance from.
200 DMA - stock is trading above 200 Day moving average which is a healthy sign.
Morning star - pattern at the lower end of the range can be seen or determined as morning star with bullish engulfing candle formation a bullish reversal can be seen.
Targets
break Out levels : sustaining above 342-345 i.e formation of 2 candle for probable will give big BO.
Fibo levels. - if we plot fibe levels we can see targets of 369, 411 visible in short to medium term.
Stop loss; if stock closes below 300 its time to be out of it.
Disclaimer : views are not the recomendation please take advisers view before placing position.
Range Bound - 300 to 340 has been its range.
Supply range - 340 -345 being a range where it is getting resistance from.
200 DMA - stock is trading above 200 Day moving average which is a healthy sign.
Morning star - pattern at the lower end of the range can be seen or determined as morning star with bullish engulfing candle formation a bullish reversal can be seen.
Targets
break Out levels : sustaining above 342-345 i.e formation of 2 candle for probable will give big BO.
Fibo levels. - if we plot fibe levels we can see targets of 369, 411 visible in short to medium term.
Stop loss; if stock closes below 300 its time to be out of it.
Disclaimer : views are not the recomendation please take advisers view before placing position.