Stock has crossed it previous highs and now got out of range of 9 years and price range from 30-200. So with a stop loss around 160 this breakout can be played and hope for 2x returns in this stock. so this is a high risk high reward setup.
Gravita Ready for Short Swing Trade.
See chart for explanation
Entry: 200.55
Stop Loss: 2%
Target : Trail Stop Loss in Multiples Of Risk
Need To Follow Strict Discipline for Entry , Stop Loss And Target
Keep On Booking Profit in strength at Risk Multiples.
Stock is dealing in battery recycling process which will be much needed counter in future now we are expecting price to break ATH level of last 10 years..Do your own research before investing
Gravita CMP - 93.85
Looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 88 - 90 / Stop Loss 80
Target 1 - 100
Target 2 - 110
Target 3 - 120 / 145
Disclaimer: This is my view and for educational purpose only.
The stock has given an upside breakout after an inverse head and shoulders pattern and taking support from the neckline.
CMP 106
Targets of 115.75 and 120 can be achieved in short term while keeping stop loss of 100 on daily closing basis.
R:R (1:1.63/ 1:2.33)
Gravitat India is leading player in recycle of lead and alloys with high roce and increasing revenue, the chart loosk prime to move up with probably 150+, sl:98.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence...
after a strong rally, the stock is consolidating in a flag, a break out from the flag the the stock price is move towards the level of 96 and the the sky is open till 140.
