Gabriel was a technical study which had been put forth on our contributor Arbind's Twitter Handle Gabriel Long Idea a few weeks back. With a rounding bottom formation the stock seemed to be well placed to do levels of 186 as was based on the depth of the Rounding Bottom Formation.
The stock has now achieved all projected levels and moved up to a level of Rs. 197.15. A possible future course of action could be holding on to the stock with a stop at 186, for higher levels. This tags to our principle of letting the profits run while cutting losses.
Here is the original idea shared on Trading View.
If you desire to have the chart structure of any of your share holdings studied, please let us know in the comments section below.
Disclaimer:: The article presented herewith is just an educational assessment of the chart structure of Gabriel. Please do your own research and consult your financial advisor prior to acting on the information presented herewith. The author does not intend to set forth this article as a recommendation to buy or sell this stock and has a small position in the stock at Rs.30 levels(Approx).
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