Express Idea
Gabriel India: Ready for a smooth ride - BUY
CMP Rs100, 3-mts Target Rs128, Upside 28%
Analysing the stock from Harmonics perspective, it is forming a bearish butterfly. Currently it is in the final leg of this process. Ideally, last leg (CD) of this pattern tends to retrace 1.27-1.618% of XA leg. So PRZ (Potential reversal Zone) of bearish butterfly is placed between Rs119-127. Current scenario presents an opportunity to enter the final leg of the pattern and also to ride the upmove following the triangle breakout from ~2-year long consolidation. We recommend a buy on Gabriel for target of Rs128. Maintain SL of Rs88.
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment