Multibagger Stock: Gillette India Ltd up by 33% in just 4 months!!
Oct 18, 2024
We published about Gillette India Ltd in June 2024 and predicted the possibility of Multibagger returns in coming 1-2 years. Check out the below research we had published on 25th June 2024 itself.
This stock has managed to hold its gain and gave more than 33% returns in 4 months of span and made a life time high of 9560 levels.
Gillette Weekly chart Anticipated as on 25th June with Elliot Wave (log Scale)
Multi bagger stock recommendation: Gillette Ltd
Buy Price – Buy at CMP 7480 more on dips towards 6500 level.
Time Horizon – 1 - 2 years
Investment – 5% of capital
Target price – ??
Stop loss - ??
Anticipated as on 23rd April 2024 – Elliott Wave Theory:
Gillette India Limited manufactures and sells grooming, portable power, and oral care products in India and internationally. We have been bullish on FMCG sector since the start of the year 2024. This stock has shown its outperformance irrespective of market conditions and it has managed to protect its important support levels. Prices are showing clear impulsive rise from its low of 525 levels. Wave 2 got completed near the channel support near 4250 level. As of now, Primary wave 3 is ongoing which is further subdividing.
Prices are moving precisely within the blue channel and the lower trendline is providing good support. The 54 weeks’ Time Cycle is working amazingly as it has managed to capture major lows and tops of this stock. Cycle will provide good opportunity to enter.
Gillette Daily Happened Chart as on 18th October 2024
Happened – the stock was in sync with our expectation. The stock has shown sharp rally on the upside and gained more than 33% in the span of 4 months!! It has recorded its fresh high near 9560 levels. The overall up move has been strong and we expect prices to achieve its target of........levels in coming months.
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