Gravita has been my top pick since pandamic. It has always performed the way a stock should in bull market buy on dips as a strategy.
Range Bound - 300 to 340 has been its range. Supply range - 340 -345 being a range where it is getting resistance from. 200 DMA - stock is trading above 200 Day moving average which is a healthy sign. Morning star - pattern at the lower end of the range can be seen or determined as morning star with bullish engulfing candle formation a bullish reversal can be seen.
Targets break Out levels : sustaining above 342-345 i.e formation of 2 candle for probable will give big BO. Fibo levels. - if we plot fibe levels we can see targets of 369, 411 visible in short to medium term.
Stop loss; if stock closes below 300 its time to be out of it.
Disclaimer : views are not the recomendation please take advisers view before placing position.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.