J_ankit

GNFC | 5 year resistance breakout acting as support level

Long
J_ankit Updated   
NSE:GNFC   GUJARAT NARMADA VA
After the five year resistance breakout, the stock given significant return and retrenched to 50% fib level.

In chart, falling wedge breakout is visible and momentum strength confirmed multiple factor i.e., ema, volume and rsi.

Entry at current level, Stop loss below Rs 580 and Target 1 & 2 pointed in chart.

Thanks
-AJ

Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.



Comment:
Weekly Chart:

Daily Chart:

Technical Indicator:
Comment:
entry above trendline

Comment:
15 min chart

Comment:
Big fall due to weak financial results.

Key Crucial Level Rs 584.

Comment:
Support - Rs 584 ; Resistance - Rs 606

Trade closed: stop reached:
technical was favourable but weak financial results made sentiment very negative.

πŸ˜”πŸ˜”
Trade active:
volume breakout !!
Disclaimer

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