GSFC -Cracks with Wedge at 165-Now@150-Will it fall deep@110-115

Last Price@150-151 -8th Nov2017

GSFC was one of the stock which was highlighted at 65-70 zone last year. Excited to share at 165.

GSFC on 2nd Nov2017 - Could be turning down soon. Look for a bounce & if it travels close to the highs then plan to trade in bear camp keeping an eye on the risk which you have to take.

Nov 08
Trade active: 09:37 Hrs 9th Nov2017

Last Price@145 - 3.5% down

Nov 09
Trade active: 11:45 Hrs 9th Nov2017

Last Price@141.50

Rising Trendline could support next in 137-138 zone.

Nov 09
Trade active: 14:41 Hrs 9th Nov2017

Last Price@140

Day Low@139.50

Close to Rising Trendline Support in 137-138

Nov 09
Trade active: 15:05 Hrs 9th Nov2017

Last Price@140.70

139.50 is the current support - next we will wait for the bounce in the gap zone 145-150 & check if it gets resistance then we plan to sell later for targets below 139.50

Nov 14
Trade active: 17:54 Hrs 14th Nov2017

Last price@139.75

Gets support from rising trendline at 137-137.20 - next -if it starts moving above 141.50 - We should see some bounce- GSFC is searching for support.

Nov 15
Trade active: 15:15 Hrs 15th Nov2017

Last Price@134.80

No respect for the trendline at 137-138- slips further downside

Feb 07
Trade closed: target reached: 18:45 Hrs 7th Feb2018

Last Price@125.55

All donnnnnnnnnnnnnnnne at 113 --- in 112- 115 zone & what a bounce to 125+
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
abhishek crude is falling so nifty will fall continously ..... i want to ask
@niteshkumar, 10620-10650 is strong resistance & we are already close to 10590's so holding below 10620-10650 & sentiment wise below 10600 is bearish for 10400 downside & below 10385 -more
Amazing analysis sir. Its motivating me to learn Eliott waves
@tRex88, Thanks.
activated short?
@jessi7, Where Short ?
+1 Reply
jessi7 AbhishekHSinghCMT
@AbhishekHSinghCMT, at 141 sir
@jessi7, I think you are late in the trade as 137-138 is the support rising trendline. So, You can wait for a bounce to enter later on sell side.
jessi7 AbhishekHSinghCMT
@AbhishekHSinghCMT, okay thank you sir
AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, By the way why did you enter half way when call is almost done -You could have sold at opening session when it was 145-146. Never jump in a running train/bus which is valid for trading markets as well else you will broke your account.
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