***This is not a recommendation, this is just for knowledge purpose***
GNFC Ltd.
Looks good for decent upside. Reasons are,
👍200EMA support. If you try back testing this stock on 200 EMA, this stock has respected and has taken support EMA line.
👍Trendline support, formation of triangle pattern, chances of breaking down from this triangle is very less as this is also EMA 200 support.
👍Fundamentally very strong company with favourable valuation to initiate long position.
👍Dont enter with 100% capital. 25% capital fntotal capital for this stock can be used initially because macro economic circumstances.
👍SL only below trend line on closing basis.
GNFC Ltd.
Looks good for decent upside. Reasons are,
👍200EMA support. If you try back testing this stock on 200 EMA, this stock has respected and has taken support EMA line.
👍Trendline support, formation of triangle pattern, chances of breaking down from this triangle is very less as this is also EMA 200 support.
👍Fundamentally very strong company with favourable valuation to initiate long position.
👍Dont enter with 100% capital. 25% capital fntotal capital for this stock can be used initially because macro economic circumstances.
👍SL only below trend line on closing basis.