The Nifty tested 5000 yesterday ... I was infact expecting that some one might release 5000 balloons from the NSE terrace !! But nothing of that sort happened, sadly.
While the Nifty and the frontliners keep most traders confused, there is huge 'operator' activity in the mid caps. One such stock which is positive in Gitanjali Gems ...
The chart pattern looks like a Cup and handle and there is also a triangle in the recent price formation.
A break above 124 should see some good activity , especially given that the volumes have recently picked up.
Enjoy the mid-cap ride, while it lasts !
CA Rajiv D Khatlawala
Subscribe to:
Post Comments (Atom)
1 comment:
Rajiv, any particular target for this script once the breakout does happen?? and where to place the stop loss??
Post a Comment