GNFC has given a very strong weekly closing on Friday.600-610 was acting as a strong resistance and the stock has managed to close above it. A trendline breakout is also seen in the stock.
The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline.
Positional traders can buy the stock at CMP and add on dips till 580 with an SL of 530 DCB.
Targets are 730, 780, 900++.
Chemical stocks, have shown good bullish trend in past few days and GNFC can continue the rally even further.
Idea shared strictly for educational purposes.
The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline.
Positional traders can buy the stock at CMP and add on dips till 580 with an SL of 530 DCB.
Targets are 730, 780, 900++.
Chemical stocks, have shown good bullish trend in past few days and GNFC can continue the rally even further.
Idea shared strictly for educational purposes.
Comment:
T2 of 780 achieved. Stock heading towards T3 to make new ATH
Enjoy the pre budget fertilizer stock rally
Enjoy the pre budget fertilizer stock rally
+30rs dividend/share