Gillette India Ltd has been in a strong cyclical bull
trend for many years. The stock has simply been up-up and away. Gillette India
is one such stock that we recommended in our Multibagger research report based on various studies like Time
cycles, Elliott wave, indicators.
We recommended this
stock when it was quoting near the zone of 6550 and was successfully able to
catch the upmove. It touched its lifetime high near 7919 levels in today’s
session. See yourself how we were able to
catch the upmove even before it began.
Below is the
chart showing detailed analysis published in our research report -“The Financial Waves Multibagger Update”
Gillette India Weekly Chart:
(Anticipated as on 30th October 2018)
Gillette India Ltd. daily chart: (Happened
as on 16th April 2019)
(Following research is taken from Multibagger
report published on 30th October 2018)
Multibagger stock
recommendation: Gillette India Ltd
Buy Price – Buy at CMP 6550 and more on dips to 6200
Time Horizon – 1 to 2 years
Investment – 5% of capital
Target price – ??? (given in actual report)
Stop loss- ???
Anticipated as on 30th
October 2018- Prices are showing clear impulsive rise from its low
of 600 levels. As of now, cycle degree wave [3] is ongoing which is further
subdividing. We can see time correction in form of primary wave iv. Prices are
moving precisely within the blue channel and the lower trendline is providing
good support. The …….. weeks’ Time Cycle is working amazing. On prior two
occasions the stocks formed major top and now we expect a low as there is Time
correction in form of wave iv and not much of price correction.
We can expect a strong
move on upside towards ……. levels. In
case this level is taken out then it will result into a 3rd
extension scenario for much higher targets. It is best to accumulate this stock
slowly and steadily over the period and buy more on dips towards 6200 levels.
In a nutshell, we expect
wave v to start soon in Gillette for the targets of …… But one should buy in
staggered fashion and not risk more than 5% of capital in any one stock in
current scenario.
Happened as on 16th April 2019 – The stock has
been moving in sync with our expectation and hit its lifetime high near 7920
levels in today’s session. The upmove has been strong and we expect prices to
achieve its target of ….. levels in coming months or years
The above
analysis clearly shows how one can identify the stocks from positional
investment perspective just with the help of Elliott wave, time cycles and
other basic indicators. If you wish to build portfolio of stocks that
can be potential Multibagger we can help you with identifying the stocks which
can give alpha returns over medium to long term holding period. Get access now
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