Another PSU Gujarat State Fertilizers & Chemicals ltd a government company has given long 1.5 year Consolidation Breakout with good amount of volume. fundamental is also good you can check on below link... ( screener.in/company/GSFC/ )
CMP : 186 TG : 240 SL : Below 21 daily EMA
Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. ( To view this, click sedg.in/yqr3g7n9 ) 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. ( To view this, click sedg.in/w1hme9vp ) 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. ( screener.in/company/GSFC/ ) 5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
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I think, this might be a nice price based on Risk to Reward Ratio
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