Gokul agro has given strong breakout from sloping trendline today.
Good to go long here.
with SL of 115.5 for safe traders, and SL of 112.5 for risk takers.
personally taking 50% planned qty here, rest will add on retest.
Gokul Agro Resources Limited (GARL) incorporated in the year 2014, is one of the leading and fastest growing FMCG company engaged in production, distribution & exports of various Edible, Non-Edible oils & its derivatives & Feed Meals.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
GOKUL AGRO completed a Cup&handle and is looking for up-move.
Stocks moving above all the important EMA's.
Entry - 134 (Look for any dip)
Target - 152/171
SL - 113
Study the stock & Trade Responsibly.
HELLO TRADERS!
This analysis was published 6 months back. Took more than expected yet, achieved the target of 100%. Stock is up by 140% now ;RR is 1:12. So exited 50% of total holding and leaving the rest for investment. That's the power and beauty of why we consider weekly charts.
Note: I'm closing this analysis. You won't get any further updates regarding this...
Stock has broken its ATH and looks good above 34.45 which was multi year resistance now acting as support. Immediate support is 36 which monthly support.
