Geojit Financial Services Ltd. has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 44.43. Further rise to 50.77 or more is signaled.
Trade accurately with our Banknifty option tips on a daily basis.
The moving average indicator has
given a positive signal. In isolation, this
signals a continued rise, but the slowness
of the indicator often means that one has
lost much of the upside. The stock is
approacing resistance at 50.00 rupee,
which may give a negative reaction.
However, a break upwards through 50.00
rupee will be a positive signal. Volume has
previously been high at price tops and low
at price bottoms. This strengthens the
stock. The stock is overall assessed as
technically positive for the medium long
term.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
