AbhishekHSinghCMT

GSFC- Will you trade this channel for downside move till 100-102

Short
NSE:GSFC   GUJARAT STATE FER
7
There is a channel which can be traded at the top zone - 118-120 - will you trade? Common you must be kidding - I am a safe trader, I will trade once it starts moving below 112 which was initially hit post gap down move from 116 to 102 for target zone 100-102 - Why there is a hurry to trade-Keep cool.

Yes, Risk Takers can trade in the zone 118-120 who don't complain of losing 3-5 points as returns are huge so it depends on your style of trading.

Trading Strategy
Scenario-1 (Most preferable)
Safe traders can trade below 112 for target zone 100-102 -once it dips below 112 then can put stops above recent highs or wait for 100-102 zone if hits & look for larger trend which is upside.

or

Scenario-2 (Next Likely)
Going above 121.50 & sustaining above 120 likely it moves for higher targets.

You would love to read my previous updates


Media Bell Rings 116-to 102 Amazing!

Magical turn below 122

Knocked 118.80 What Next?

Rocket Move Started from 107-108

GSFC 2016 Diary- 50+ points



Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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