GNFC
GNFC very near to the price of 2017#GNFC (CMP 580) operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services.
Currently very near to the price of 2017 (550 high in 2017).
So much positive for PSUs and fertiliser comp has happened sinc then.
Can be taken with a SL of 540 (on closing basis)
Upside 20-30%
GNFCGNFC:- Rounding bottom pattern has been formed, breakout has also been given, keep an eye
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.
Breakdown in Gujarat Narmada Valley Fertlzrs&Chms Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above 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.
YR 2022 Idea #119: Long on GNFCThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
GNFC Fresh Breakout SeenGujarat Narmada Fertilizers (GNFC) NSE has Seen Triangle Pattern breakout on the Daily and 4-Hourly Charts. We are Buying NSE: GNFC in Cash Segment at 780 For the Targets of 830 And Stoploss of 759.
Reasons To Buy GNFC:
# Stock Today is trading in Momentum is trading up 2.8% at 783
# On the breakout Candle Volume is on the Higher Side.
# Stock Today Sustaining Above 61.8% Fibonacci Level.
Another up move in GNFC?Chart -> GNFC Daily
The stock has given Box Breakout with Bollinger Band and RSI strengthening. Previously similar setup turned out to be a massive up move for the stock.
CMP: 715
Targets: 758, 815
SL: 658
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
GNFC MONTHLY CHART ANALYSISGNFC Monthly chart show is very strong, the share monthly candle breakout in the level of 550, and share out of the buyer range now the share is pullback and come to breakout level, the price is show in the support this is very simple chart, but most of the people not see, my view 550 stoploss is good for entry
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction.
4) IEX
On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue.
5) First Source Solution
It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it.
6) Birla Soft
364-365 is a immediate breakout level. If it sustain above it then we can see up move in it.
7) GNFC
590-592 range is flip zone.
If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level.
8) Chambal Fertilizer
280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it.
9) Balrampur Chini
378 is immediate hurdle to take out.
Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall.
10) SPARC
It has to sustain above 205 level range to go bullish.
Below 200 level it will be bearish.
11) CANFIN HOMES
438-440 is breakout level
430-431 is support level at this moment.
Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels.
12) PVR
1850-1860 is immediate resistance range.
If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels.
1660-1680 range is major support range.
13) Radico Khaitan
Above 840-841 it will be bullish. It has been trading in range since long time.
Keep this on radar it can be also a good positional trade.
This view are personal.
All the best for your next trading week.
Feel free to share your suggestions/doubts if any.
GNFC - Long viewKindly refer chart
The price has moved out of its support levels and one could expect the levels of 900 over a period of time, hence would place this for a long term view.
On the shorter front we could look at this from an intraday point of view and look for the immediate targets of 620 levels
Simple Trade Setup | GNFC | 26-04-2022 [INTRADAY]NSE:GNFC
Observations:
1) On 1day time frame, it finally gave breakdown of the range.
Please refer below chart : 1day time frame.
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Trade Setup for 26-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.