GNFC By KRS Charts

Updated
Date: 20th June 2024
Time: 1:45 pm


WHY BULLISH ON GNFC ?

1. On Daily TF it clearly shows and Successfully Breakout W pattern or Double Bottom Pattern with Strong Volume Green Candle.

2. On Weekly TF C&H Chart Pattern is clearly visible once its breakout with big candle with Good Volume, Long term Target on GNFC will be ~1137 Rs.

3. To support both the above points 100 EMA is right underneath and Price has taken support from 100 EMA multiple times.

So, First Target as per W pattern will be 868 Rs. for short term investors while for Long Term Investors Target will be 1137 once it breaks out.

Thank You!!
Note
If profit booking happens than 750 to 740 Rs can be better Entry.
Note
Averaging,
Gap down for to hit SLs
Note
690 Rs will be the final SL
Because this fall can be 'Shakeout before Breakout'.
Trade closed: stop reached
Trade active
If Rebreaks 728 Rs, we'll re-enter in GNFC.
Note
If Today's Closing above 728 I'll join this party!!!
Trade active
Re Entered in GNFC Today ❗

Breakout in Smaller TF.
CMP- 699 Rs.
Target 1 will be this 781 Rs ⚠️⚠️

Long Term H&S Target will remain Same ✅👍
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