sykhan
Long

GNFC- high possibility of Reversal

NSE:GNFC   GUJARAT NARMADA VA
GNFC

With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330.
Not for any trade advice, Just observation of price action
May 20
Trade active: Resistance at around 305
May 27
Trade active: T1-330
Trailing stoploss 307
May 28
Trade closed: stop reached: Hit the trailing stop loss
May 28
Comment: Realized 5.8% gain, unrealized was 9.3....
May 28
Trade closed: stop reached

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