Gnfcanalysis
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
GNFCStrengths -
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with No Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Tiredness -
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Net Cash Flow : Companies not able to generate net cash
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
Happiness -
Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
Stock with Low PE (PE < = 10)
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
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.
GNFC Resistance Level NSE:GNFC
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd - 11.02.2022Gujarat Narmada Valley Fertilizers & Chemicals Ltd - 11.02.2022
The stock is trading @ 565.90 levels
The prices are above EMA
There is a SHOOTING STAR in Daily Chart
There is a STOCHASTIC BEARISH DIVERGENCE in Weekly Chart
There is a RSI BEARISH DIVERGENCE in Weekly Chart
Let the prices go below 555
One can initiate a SELL Position with support @ 578
watch out for the price action
GNFC - Follow up on previous post
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.
This is follow-up on GNFC. Can check link to related ideas we are now reaching Target 3.
Triangle breakout in GNFCIf we look at the daily timeframe for GNFC , we can clearly see there is a triangle breakout with good volumes. The breakout has come almost after 4 months of consolidation inside the triangle. After the breakout, there has been a small consolidation which is really healthy for the stock. At any given day, the stock can gain momentum and rise now. It is also near to the psychological level of Rs 500. Once the stock gives closing above Rs 500 in the daily candle closing, we can see a good move. We can easily aim for 5% - 10% returns from the stock.
Do like it :) It will motivate me to write more
GUJARAT NARMADA VA
Target:- 600
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 trailing stop below all the wave.