GNFC - Break Out TradeDate : 4-Sep-2023
Rating : Buy
LTP : Rs. 623.40
Target : Rs. 665 --> 695 --> 735
SL : 600 on closing basis
Exit Plan : Follow the 7/13/26 DEMA cross down on closing basis.
NSE:GNFC has given multiple break outs on the chart.
1. Break out from primary down trend.
2. Break out from long time resistance at 614 level.
3. Break out from the neck line of double bottom pattern.
MACD and 7/13 DEMA has already given a bullish cross over. RSI is showing good strength in current uptrend.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
