GNFC | Strong fundamental company | Consolidated till 200EMACMP-327
SL- 309 (close)
Target- 400
30/8/21
- 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
GNFC
Stock Analysis of GNFCPrice - 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 stock to grow more than 10% in just a few trading days.
RSI is in the overbought zone but the stock has the energy to move up.
GNFC : Bullish Break Inverted Head & ShouldersWe 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 for the entire month of march and april and now has given out a fresh weekly breakout. I expect GNFC to continue its upward trend and reach its all time high in next few months, It will likly get additional support from sector tailwinds as agrochemical stocks arecurrently in uptrend. Take an exit only if GNFC closes below 300 on weekly basis.
GNFC: Short and Mid term viewRef 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.
Vijayaraghavan,
Kovilpatti.
Perfect breakout - GNFC 225 is crucial !Price beautifully traded in between the trend lines and made a symmetric triangle pattern. Today breakout was expected and it breaks from the triangle. Target price given and it may take few days to reach, if buyers exhausted and price falls below 215 then the above is invalid.
It is hard to share all my analysis, tradingview is restricting 10 analysis for a day. When I am done for the day I am unable to proceed further and this is why these charts are not posted before the break.
GNFC- STRUGGLING GNFC: price are not able to break the down trend line, strength is also weak for breakout, with the last dip to 240 level couple of weeks back has limited the downward level making it as support area. May be some fundamental event can trigger upward momentum.
It's a investment worth script. FA guidance required.
GNFC MIGHT MOVE INTO FERTILE TERRAIN!!!On a long term chart, GNFC has retraced 61.8% of the move from 53 to 548 and rising RSI from an oversold region indicates a bounce that could take it to levels of 300/320. One may buy on dips with a SL of 230 and targets mentioned.
It is a short term/Medium term call.