TradingView
shubhamj2096
Feb 5, 2022 8:24 AM

GNFC will break 4+ Year Resistance at 500 and 550 Long

GUJARAT NARMADA VANSE

Description

Rounding Bottom is getting completed. GNFC posted a spectacular set of results, outnumbering itself and all chemical players in the industry.
500 has been a resistance since Oct 2017, and All time high of 550 is within reach with the positive momentum.
Extremely bullish - Buy at CMP, for Target 1 @ 500, Target 2 @ 550 and rest new territory new rules. Stop loss at 5% below CMP at supportive trendline.
Comments
Bharath_Trades
Spot on analysis. Thanks.
More