BSE:GILLETTE clearly took the support from the lower channel. Possible long is good here.
Gillette is one of the finest Brand or company and it is absolutely Debt free...Good opportunity to grab but Trade with Stop loss in such a risky Market.....
If it reacts strongly in the zone it will be very good buying opportunity
Good RR opportunity. I love it when I find a confluence between Trendline & horozontal support. High success rate in such trades.
Broke parallel channel, heading to TP1 and TP2 points.. TP1: 7.700 TP2: 8.000
Nice move between parallels.. If breaks up, will be an easy one to catch. You may also prefer shorting it with a stop at the line but I will wait for the breakout..
It seems like Gillette India - ("The best a man can get") is gearing up for a potential big move. I am placing my bet on an upward breakout respecting the exiting long-term uptrend. Entry above 6900 , Stop below 6300 (closing) for target of 9200 (Time frame 3 months) RR 3.83