Multiyear Range Breakout With Huge Volumes In Gillette
1. Gillette made high of 8140 in October 2019
2. High of October 2019 has broken in September 2024 ( 5 Year Breakout )
Trade:
Buy 50% Here At Cmp 8528
Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level.
SL - 7150 ( Monthly Closing Basis )
3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level.
( Target 1 ) = 12000
October 2019 High - Jan 2023 Low + October 2019 High
8140 - 4135 + 8140 = 12145
( Target 2 ) = 16149
Draw A Fibonacci From October 2019 High To Jan 2023 Low
Retracement Level Of 3 Which Is 16149 Will Be Target 2
Time Frame - 2-3 Years
Fantastic Fundamentals Is Cherry On The Cake
2. High of October 2019 has broken in September 2024 ( 5 Year Breakout )
Trade:
Buy 50% Here At Cmp 8528
Rest 50% If You Get Dip Around 8000/8100 Which Is Breakout Retest Level.
SL - 7150 ( Monthly Closing Basis )
3 Months Candle Low Taken As SL. Monthly Close Shouldn't Come Below This Level.
( Target 1 ) = 12000
October 2019 High - Jan 2023 Low + October 2019 High
8140 - 4135 + 8140 = 12145
( Target 2 ) = 16149
Draw A Fibonacci From October 2019 High To Jan 2023 Low
Retracement Level Of 3 Which Is 16149 Will Be Target 2
Time Frame - 2-3 Years
Fantastic Fundamentals Is Cherry On The Cake
Nota
(8528 + 8100)/2 = 8314 Average Buy
Gillette is up 26.9% from buying price in such weak market :)
Power of the analysis. Keep booking profits like 20% on such rise and rest Hold for bigger gains.
Penafian
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