🟢 Stock: Gujarat Narmada Valley Fertilizers & Chemicals Ltd (NSE: GNFC)
🔹 **Pattern & Context:**
- Breakout retest above 200 EMA & all short EMAs.
- Strong bullish candles reclaiming supply zone ~565–570.
- RSI ~66, strong but not yet stretched.
- Chemical sector sentiment improving.
🔹 **Swing Trade Plan:**
✅ Entry Zone: ₹555–570 (current ~568)
❌ Stop Loss: ₹528 (below EMA cluster and retest zone)
🎯 Targets:
- T1: ₹615
- T2: ₹650
📊 **Confidence Meter:** ⭐9.3/10
Note: Volume confirmation crucial—watch follow-through candle for conviction.
#GNFC #SwingTrading #BreakoutSetup
🔹 **Pattern & Context:**
- Breakout retest above 200 EMA & all short EMAs.
- Strong bullish candles reclaiming supply zone ~565–570.
- RSI ~66, strong but not yet stretched.
- Chemical sector sentiment improving.
🔹 **Swing Trade Plan:**
✅ Entry Zone: ₹555–570 (current ~568)
❌ Stop Loss: ₹528 (below EMA cluster and retest zone)
🎯 Targets:
- T1: ₹615
- T2: ₹650
📊 **Confidence Meter:** ⭐9.3/10
Note: Volume confirmation crucial—watch follow-through candle for conviction.
#GNFC #SwingTrading #BreakoutSetup
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.