Geojit Financial Services Limited
Geojit Financial Services Limited's stock has surged to a record high and seems to be a fantastic long-term investment.
I have found Geojit Financial Services Limited to be a very good long-term investment. Kindly review and understand the Geojit Financial Services Limited monthly chart structure. Based on the chart, Geojit Financial Services Limited looks like a good pick in the 130–140 zone. It has tremendous development potential and has so far performed incredibly effectively.
Kindly see the monthly chart given by Geojit Financial Services Limited. Now that it is out of the 130–140 zone, the stock is rising and trading above horizontal resistance. According to the data, Geojit Financial Services Limited is presently in great demand at 160. This predicted upside is expected to occur between 250 and 270, as the chart below shows.
- Stock is still expanding and has achieved a respectable breakthrough at 130–140, Geojit Financial Services Limited is an excellent choice for long-term investments.
- Based on the chart, Geojit Financial Services Limited appears to be in a solid position with opportunity to grow to 250 and 270.
- The risk-reward ratio is ideal for cash transactions, now is the best moment to purchase this stock, between 130 and 140.
- The chart indicates that the stock, which has a target price range of 250–270, has broken out of a rectangle pattern.
As a point of reference, kindly see the monthly chart provided by Geojit Financial Services Limited. Demand in the 130–140 price range, a breakout, and horizontal resistance are all visible on the monthly chart. The stock in that industry soars due to strong demand.
The stock reached a new all-time high, indicating that this is a great moment to buy at the current price. Please take note of the point of rupture and the horizontal resistance. As of right now, the stock has continued to rise on the chart, hitting its targets in the 250–270 range.
Geojit Financial Services Limited is the evolution of the rectangle design, with goals that are currently between 250 and 270. The rectangle is a well-liked pattern in technical analysis, with its horizontal lines signifying strong support and resistance. The two profitable trading tactics are to buy at support and sell at resistance. Another option would be to use the measuring approach and hold off on applying it until there is a breakout from the formation.
Owing to the stock's enormous demand, investors can search for a long-term buying opportunity in the 130–140 range and seize any declines that occur. This might lead to a recovery to the 250 and 270 levels, showing a good risk-reward ratio. This stock has a significant upside potential, therefore take advantage of every slump as an opportunity to invest. Invest in this company's shares with every downturn.
Using cash, investors can buy the stock gradually, targeting a stop loss of 103 and a price range of 250–270.
As a trader or investor, I often look for a Volatility Contraction Pattern (VCP), which is a situation in which there is a decrease in price volatility before a significant gain, in order to allow the stock or instrument to attain high volume and upside with a quick increase and target hit. To obtain additional details on VCP patterns, kindly download the Fx Careers app from the Google Play store. We also present the method of highly-precision pattern recognition.
The monthly chart of Geojit Financial Services Limited displays both resistance and support. The levels are shown on the spot chart.
|
Geojit Financial Services |
Support |
Resistance |
|
Level 1 |
130 |
250 |
|
Level 2 |
103 |
270 |
Company Profile: Geojit Financial Services Ltd. is an Indian company that offers investment services, with its main office located in Kochi, Kerala. India and the Middle East are the locations of its vast office network. Geojit was the pioneer in these domains in India, having established franchise models of sub broking, online trading platforms, joint ventures in West Asia, and commodity futures trading for pepper, cardamom, gold, and silver in India.
The company's product offerings include commodities derivatives, life and general insurance, mutual funds, stocks, and derivatives, as well as portfolio management services. The business operates 512 offices nationwide. The company has offices in Dubai, Abu Dhabi, Sharjah, Al Ain, Muscat, Riyadh, Dammam, Bahrain, and Kuwait. It has increased its global footprint through joint ventures and partners. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) list Geojit.
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