GTPL Hathway (Swing):
GTPL is yet to test a manor support zone and well set for a 50-60 % up move.
Appropriate resistance and target zones are highlighted.
Trade offers a RR of more than 1:6.
Note: Do your own due diligence before taking any action.
Technical Perspective:
1. Support and Trend Analysis:
The weekly chart of GTPL is exhibiting a notable technical setup. The recent candle reflects a Breakout Retest of a Falling Trendline, a bullish signal indicating a potential shift in sentiment. This suggests a possible end to the preceding downtrend.
2. Inverted Head and Shoulders Pattern:
An Inverted...
A simple research for education in trading
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market....
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
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GTPL Hathway – 116.85
Range breakout in weekly time frame. We can go for Swing trade with the following entry, exit & targets
Buy range 105.50 - 112.50 / Stop Loss 99.50
Target 1 - 125
Target 2 - 140
Target 3 – 155
Note: This is my view and for educational purpose only
