AbhishekHSinghCMT
Long

GSFC (Gujrat State Fertilizer) - Seller's paradise 81-83

NSE:GSFC   GUJARAT STATE FER
42 0 3
GSFC has been going into seller's paradise 81-83 for 1 year. The first attempt was in July2015. Second attempt was in June2016. So, one should be careful if you wish to add GSFC             to your portfolio- one can do that only if paradise zone 81-83 is taken out sharply to the upside.

Till then
Trading Strategy-
Once the falling trendline gets breached trader can look to initiate long positions likely above 79 marks.

Alternate Trading Strategy-
Wait for the zone 73-75 to see whether GSFC             hold's in that zone- once it appears that zone is giving support -one can plan their longs only if it starts moving upside direction.

Regards,
Abhishek             H. Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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