Geojit Financial Services Long Trade

5 thg 9, 2024

This stock had been in downtrend since 2017 making lower highs. It had given a breakout of the downward sloping trend line this year. The breakout level was retested with follow up move on the upside breaking out of the recent swing high confirming the trend change to the upside. The stock this week breaks the All time high level with good volumes as well as RSI moving above 70 levels confirming the momentum. The stock can be a good long trade at current levels and can be bought on dips till 145 level being the area of retesting the breakout level. 120 level can be a good place to keep a Stop Loss.