Stop Loss:- 377
Duration:- 10 to 12 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. This is basically rectangle pattern. Use proper stop loss and maintain discipline throughout the trading period and use...
The stock has broken out of the pattern with high volumes.
It is likely to stay bullish if it sustains over 380.
Should the trend continue, the targets are 420 and 480.
Stop loss levels can be kept basis your risk profile (use fibonacci retracement levels given in the chart for reference).
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Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
SL- 309 (close)
- On crucial 200EMA support
- After breakout good consolidation occurred
- Closing above 333, can add more
-Trendline + Support + 200 EMA confluence
- Strong fundamental company
- Delivery Volumes have been have been impressive
- RSI divergence can be seen on 4H tf
Price - 400 Dt. - 12.05.2021
Like all other Fertiliser stocks, GNFC also witnessed the profit booking today after rising more than 7% on 11th May. We are expecting GNFC to move higher from the next trading session. The stock has successfully doubled the money of the investor who invested in Feb. Still after this the stock can go up to 550.
We are expecting the...
We have a clear breakout with good volumes on the weekly chart for GNFC. We can see a trend reversal pattern of Inverted Head and Shoulders on the chart. GNFC brokeout of H&S pattern during the last week of Feb. We can clearly that volumes kept increasing as the pattern developed and finally brokeout of the neckline. GNFC consolidated after the initial breakout...
GNFC has completed a Head and Shoulders pattern and is now taking support at the neckline following an upward breakout. Continued upmove can be expected once consolidation is over. Target or 350 likely i.e., a 50-60% move up
GNFC SPOT Best Buy Near Neckline.
1. Breakout of multi year downtrend channel in the month of august which was started in 2017
2. Formation and breakout of inverse head and shoulder pattern on weekly chart.
3. Stop Loss as per Pattern is 183 (DCB).
Ref chart. On daily chart MCAD crossover may happen on this week.As per daily and weekly chart showing bullish signals based on indicators. As per per Ichimoku, Weekly candle closed above the cloud and also it closed above the 21,200 Moving Average lines.