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  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