Wednesday, August 24, 2016

32% so far - Quick update to article on Gabriel written on 29 March 16

I had written an article on Gabriel on 29th March this year. The article was on anticipated breakout in Gabriel.

You can read that article here:

Stock Analysis- Gabriel India Lts.- Breakout of consolidation can double the price


Current update on Gabriel:
Gabriel has broken out the consolidation. The move which I was anticipating has come about, though a little late. 
Markets will test your patience. Situations will make you panic. You need to be persistent. There is no alternative if you wish to have winning trades.

This is how the stock looks on chart after it has broken out of consolidation. Currently trading near 119. It was near 90 when article was written. Lets expect the move to continue to achieve our targets.
That is a move of around 32% in 4 and half months. However it has a large potential yet to conquer.


Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisory before taking any decisions based on above write-up.