GCIL's current price action indicates a favorable technical setup.
Key observations include:
Uptrend indication: The stock price is trading above the 200-day EMA, suggesting an overall uptrend.
Fibonacci retracement: A fake breakout was observed on April 3rd, which coincided with a 61.8% retracement level from the low of 8.82 (October 4th, 2024) to the high of 23.50 (March 3rd, 2025). The stock has since appreciated by 9.10%.
MACD crossover: The MACD indicator is exhibiting a bullish crossover from its bottom, signaling a potential reversal and strengthening of the uptrend.
Trading Strategy
Based on the technical analysis, a long position can be considered at the support level of 16.16. To manage risk, a strict stop-loss is recommended at 14.40. Potential targets for the trade are:
Target 1: 17.89, representing a 10.71% upside
Target 2: 20, representing a 23.76% upside
Key observations include:
Uptrend indication: The stock price is trading above the 200-day EMA, suggesting an overall uptrend.
Fibonacci retracement: A fake breakout was observed on April 3rd, which coincided with a 61.8% retracement level from the low of 8.82 (October 4th, 2024) to the high of 23.50 (March 3rd, 2025). The stock has since appreciated by 9.10%.
MACD crossover: The MACD indicator is exhibiting a bullish crossover from its bottom, signaling a potential reversal and strengthening of the uptrend.
Trading Strategy
Based on the technical analysis, a long position can be considered at the support level of 16.16. To manage risk, a strict stop-loss is recommended at 14.40. Potential targets for the trade are:
Target 1: 17.89, representing a 10.71% upside
Target 2: 20, representing a 23.76% upside
Dagangan aktif
Near to its first target 🚀🎯🥳Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.