GNFC By KRS ChartsDate: 20th June 2024
Time: 1:45 pm
WHY BULLISH ON GNFC ?
1. On Daily TF it clearly shows and Successfully Breakout W pattern or Double Bottom Pattern with Strong Volume Green Candle.
2. On Weekly TF C&H Chart Pattern is clearly visible once its breakout with big candle with Good Volume, Long term Target on GNFC will be ~1137 Rs.
3. To support both the above points 100 EMA is right underneath and Price has taken support from 100 EMA multiple times.
So, First Target as per W pattern will be 868 Rs. for short term investors while for Long Term Investors Target will be 1137 once it breaks out.
Thank You!!
GNFC
Double Bottom pattern breakout in GNFCGujarat Narmada Valley Fertilizers & Chemicals Limited.
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Double Bottom Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 865+.
✅Can Go Long in this Stock by placing a stop loss below 687-.
GNFC good to studyNSE:GNFC
Nice formation of CUP & Handle
On the verge of BO
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
GNFC Best Swing Idea! 🔥Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup:
📈 Setup: HORIZONTAL BREAKOUT SETUP
🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential.
📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum.
📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators.
Stay tuned as GNFC gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques.
#GNFC #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
GNFC 2H CHART ANALYSIS FOR REVERSALNSE:GNFC
#GNFC 2H Chart Analysis🧐
🔹Trend : Down
🔹View : Upside Reversal
🔹Structure : Bear trend + Inverse Head & Shoulder formation near trendline resistance.
🔹Entry : Breakout trade Above 642.50
Detailed analysis on chart Study it and mark levels on your chart.
Keep Learning
Happy Trading.
GNFC - Bullish Swing Reversal with VolumesNSE: GNFC is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal and trendline support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
GNFCGNFC :- Cup and handle pattern has formed, wait for the breakout.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GUJARAT NARMADA, cypher pattern creationGUJARAT NARMADA stock is showing weakness at the major resistance zone, it formed evening star with various Doji and bearish candlestick patterns in 1h TF also the harmonic pattern suggests that this stock might make a correction.
Note- Please do your own research this is not a financial advice
Confluence of reversal signs in GNFCGNFC has given a very strong weekly closing on Friday.600-610 was acting as a strong resistance and the stock has managed to close above it. A trendline breakout is also seen in the stock.
The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline.
Positional traders can buy the stock at CMP and add on dips till 580 with an SL of 530 DCB.
Targets are 730, 780, 900++.
Chemical stocks, have shown good bullish trend in past few days and GNFC can continue the rally even further.
Idea shared strictly for educational purposes.
Gnfc chart studyGnfc spot around 755
weekly time frame
Bearish bat pattern formation
exact text book pattern formation.
counter might face resistance going ahead,
keep buffer of 2% on higher side,
if sustains above that levels than view get negated,
else as per harmonic pattern counter might retrace by 7-10%
GNFC - Long Setup, Move is ON..NSE:GNFC
✅ #GNFC trading above Resistance of 732
✅ Next Resistance is at 890
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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.
GNFC multi time frame analysisGNFC on monthly time frame gave a breakout of rounding bottom in Feb'22 and immediate next month it gave more than 50% upside momentum. Since then it has went into correction mode and is taking support now from last few months at the previous resistance / breakout level on monthly closing basis.
Monthly candle so far is looking good and since Oct'22, it is probably first time price is trading above its previous month's high.
On Weekly time frame -
The stock is showing positive divergence with an anticipated falling channel breakout on weekly closing basis
On daily time frame
On daily time frame stock has already given a channel breakout here with some good volumes
On hourly time frame
On hourly time frame stock seems to have given a ascending triangle breakout and looking in good momentum currently
GNFC 580CE
580CE is trading above vwap & avwap levels and showing signs of some short covering, with highest OI placed at 600 it may be good idea to track this for a momentum trading.
No reco for buy and sell, this is just an education post