‎ChoiceBroking‬ ‪‎Choice‬ Muhurat Pick:Update: ‪‎GEOMETRIC‬ CMP 180, ‪‎Up‬ by +20.00%...

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Muhurat Pick Update
GEOMETRIC CMP 180 Moved Up by 20.00%
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Muhurat Pick
Looking at the technical structure, it is evident that the stock has completed a “Bullish White Swan” harmonic
pattern on the weekly chart, the co-ordinates of which are as follows:
Technical Parameter: XA of the leg from 34.50 to 125.70, AB of the leg completed at 61.60 (i.e.70.7% of XA leg.), BC
of the leg completed at 206.80 (i.e. near 224% of AB leg), CD of the leg completed at 101.20 levels. (i.e. 70.7% of BC
leg).
Besides, stock has been trading in a “Higher Top Higher Bottom” formation since last one year, where recently it
has taken support of its lower band of formation and gave good upside movement. So according to characteristic of
higher top higher bottom formation, stock is heading toward its upper band which is placed at 190 levels.
On daily chart, stock has given breakout of its “Consolidation Range” with above average volume, in which it had
been trading for more than eight weeks.
Apart from this, stock has been continuously trading with its strong support of 200 week moving average support
which is placed at 110 level, this shows that the long term trend is up.
Moreover, momentum indictor RSI has shown breakout of its consolidation formation at 55 levels which is
supporting our bullish view on the stock.
Muhurat Trading Picks - Geometric
Buy GEOMETRIC @ 150 & Upto 140 for the Target of 210