GNFC MIGHT MOVE INTO FERTILE TERRAIN!!!
On a long term chart, GNFC has retraced 61.8% of the move from 53 to 548 and rising RSI from an oversold region indicates a bounce that could take it to levels of 300/320. One may buy on dips with a SL of 230 and targets mentioned.
It is a short term/Medium term call.
It is a short term/Medium term call.
Note
Made a high of 276.Trade closed: target reached
GNFC moves above 300 and makes a high of 310. Target T1 achieved. Gave return of almost 20%.Trade closed: target reached
Target T2 achieved and moved beyond. Made a high over 330. One may book profits. A move towards 347 on the cards if levels of 320 sustained.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.