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NACHATUR
Apr 3, 2024 8:26 AM

CATCHING THE BLUECHIP EARLY Long

GUJARAT NARMADA VANSE

Description

GNFC is a bluechip company manufacturing fertilisers and chemicals. Today, it is 5% up.

On weekly chart, it's about to complete an inverted head n shoulder pattern. The pattern will complete once it gets at 800 to complete the right hand shoulder. You can put a stop loss at 630. CMP 691.90. The target of inverse HNS pattern will be 1100( Long Term).

Disclaimer: I'm not a SEBI registered analyst. This idea has been put only for educational purpose. Please consult your financial advisor before investing.

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