Swing Trade in NSE:GOLDIAM
CMP 191
TP 227
SL 165
Goldiam International Ltd. is a holding company, which engages in the manufacture and export of diamond studded gold and silver jewelry products. It operates through the Jewellery Manufacturing Activity and Investment Activity segments. The company was founded on October 10, 1986 and is headquartered in Mumbai, India.
An Investment pick, for target of 372,50% + ROI, after the all time high of 272 is taken off.
The stock is strong in all higher time frames. Showing Fibonacci 61% retracement in Monthly, moving strong to take off the Swing High at 272.
Volumes and Price action confirmation in weekly.
One may accumulate in dips till 164 levels. Stock structure becomes weak...
Expecting a volume spurt till end of the day and a good momentum for a intraday trade
Swing trade on a closing above 206
Sl 183
Tgt 224 250 280
Rr of 1:1
Ask your financial advisor before buying only for educational purposes
Goldiam International Ltd.
Buy Above Not Before 185
Stop Loss : 160
Target : 210-235
Holding Time : 1-2 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
A must buy portfolio stock for long term investment.
Goldiam CMP - 183
Buy At Current Price 183
Target 1 - 200
Target 2 - 250
Target 3 - 300
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
NSE:GOLDIAM Levels for SWING
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the...
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Goldiam International
🔍 Description: Stock at pattern's strong support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
High chances of triangle pattern breakout
in Day pattern
17% target for the next Resistance level
Support was already taken 4 times.
Risk reward ratio: 6
As Given JUNE/JULY* 2022 - _GOLDIAM Perfectly Running in the Channel--- Base on Demand with small Risk now Again buying Zone Running... -
So can go long...
GOLDIAM - D&S Zones
1. Resistance 160-64 above go for 190-198 if Hold 160 164 than Ready for Downside again 136 110 ++
2. Major resistance 196-210 - Best time to exit form long - as we can see dowm side 90 68 36 level.
NOTE - Fresh long holding only depend in BO above 210
Fundamentals:-
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 37.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 24.1%
Technicals:-
Seems bouncing from demand zone.
Closed above resistance trendline.
Good for investment around 120-140....
It can be bought above 165 and SL can be kept at 157. Some positive announcement was there in budget related to stock and huge buying interest has emerged here. It can give good returns once the channel is broken on upside
I watched this stock today. looking on charts and fundamentals. The trend is an uptrend. so I expecting a good breakout in this stock. trade according to your risk management. and don't rush :)
