Strategy For GICRE | Long or Accumulate

1. Consolidating in a box having area of 20 points
2. Retracement done from high to low (0.5 fib level)
3. Double Trendline Resistance
4. Decent delivery percentage (around 43% on 14/ 05 /2021)

TWO STRATEGIES :

(1)

Buy above 204 for a near term TARGET OF 215-220

SL - 199 (daily closing basis)

(2)

ACCUMULATE TILL 0.618 fib level.... a good move till 240 can be seen.

Time : 1 Month

FAVOURABLE RISK TO REWARD = 1:4 (for Target->218)

TIP : FINANCE SECTOR IS WEAK AS OF NOW.... START BUYING....IT CAN SHOOT UP ANYTIME :)

Trade according to your RISK MANAGEMENT .Levels provided are just for educational purposes.

Feel free to share your feedback and queries.