GNFC: Indication of Trend Reversal
- There is a steep downtrend.
- After that a bullish engulfing pattern is formed exactly at Support level
- The support is actually a long term support. Previously every time price reaches there get a nice support and starts little consolidation.
- This time also it presents a reversal formation there.
Trade: Buy above 580, SL: 560, T: 610
Sell below 550, SL: 575, T: 520
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