The short-term outlook is bullish for Geojit Monetary Providers. The inventory had surged over 5 per cent on Wednesday, when the broader market had declined. Speedy help is at ₹56.50. Under that, ₹54 is a barely decrease help. The 21-day transferring common can be poised close to ₹54, and that makes it a robust help. Speedy resistance is at ₹59.50. However the chances are high trying excessive for the inventory to interrupt this resistance and transfer larger.
Geojit Monetary Providers share worth can rise to ₹63-65 over the subsequent two to 3 weeks. Merchants can go lengthy at present ranges. Accumulate on dips at ₹57. Preserve the stop-loss at ₹55. Path the stop-loss as much as ₹60 as quickly because the inventory strikes as much as ₹61. Transfer the stop-loss additional as much as ₹61.5 when the worth touches ₹62. Exit the lengthy positions at ₹63.
(Be aware: The suggestions are primarily based on technical evaluation. There may be danger of loss in buying and selling.)
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