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sykhan
May 18, 2019 5:48 AM

GNFC- high possibility of Reversal  Long

GUJARAT NARMADA VANSE

Description

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

Trade active

Resistance at around 305

Trade active

T1-330
Trailing stoploss 307

Trade closed: stop reached

Hit the trailing stop loss

Comment

Realized 5.8% gain, unrealized was 9.3....

Trade closed: stop reached

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