GNFC: Indication of Trend Reversal for NSE:GNFC by pradipandsuvra

supportandresistance candlestick indianstcokmarket stocktowatchfor

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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