Breakout spotted with monthly close above all previous closings. Disclaimer: Intended for educational purpose only and it's not a buy or sell recommendation.
Garware technical 2yr old trendline breakout With good volumes today closing with good fundamentals for swing target of 4027 and 4879.
Target 3700, 4100, Tf 6-10 months Keep SL dcbsl 3280
Name : Garware Technical Sector : Technical Textile Cmp : 3224 Breakout Level : 3280 ( Daily Closing Basis) Stop Loss : 3000 Target : 4030+ Holding period : 3 to 9 Months
add GARFIBRES at cmp and near 3600 we seen 3939/4040/4123/4223+ Note : all views are education purpose only.
trendline breakout observed plus retesting SL below marked green zone. Just for education
Risk- Reward is favourable here. Also, cup & handle shows trend resumption.
Pls buy close to 2200 (half the sterday range) and ride the ATH ride.. Let's have faith in charts to hold a running stock
Garfibres possible breakout from consoldition.
Garware Techincal: Long @ 1740-1750, tgt-2200. Vol looks really good at 1750 so it'll def take support here. SL closing below TL.
disclaimer... not an investing/trading recommendation