Published on 12/08/2017 9:53:43 AM | Source: Choice India

Buy Gabriel India Ltd For Target Rs.182.00 - Choice India

Posted in | #Auto Ancillaries Sector #Gabriel India Ltd #Trading Report


* On an hourly chart, the stock is forming a strong bullish candle with the support of 100 hourly exponential moving average which shows positive momentum in the counter.

* Moreover, the stock is breaching above the 20 & 50 days exponential moving average with healthy volume which is a positive sign for an upward move.

* On an hourly chart, momentum indicator RSI is showing a positive crossover with rising bottom formation which points out for a positive breath in the stock.

* Based on aforementioned rational, further upside can be seen upto 182 level. 

 

Recommendation

Buy Gabriel India Ltd @ 167 StopLoss 159.50 Target 182

 

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