Price - 114 Dt. - 12.05.2021
The stock closed right above the support line. GSFC served a nice 20% profit in the past 5 trading sessions. We are expecting stock can give a return in the next few trading sessions. We are expecting the stock to go up to 131.90 in few days. Stock may consolidate near the support line for 2-3 trading sessions.
As shown in the chart,
The trend is a long term upward trend with dips in the pattern,
As the stock appears to break the 50 dma line and once the dip crosses it,
The trend starts to emerge as the bulls spikes the stock in upward trend with normally 5-6 days incline with market sentiments in mind,
As the bottle neck is due to market sentiments due to...
DAILY SWING CALL // Tuesday 6th of April 2021 / NSE:GSFC
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 86
TARGET: 99+(15% Around)
STOP LOSS: 77 (10%...
downtrend is ending with TRIANGLE formation.
can buy for 125 levels or upto channels top with stoploss of 90.
double confirmation-diamond formation in RSI and breakout from the pattern for upside upto 70 75 level.
Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Plan A - Sell below 11265 on...
1.Indicators are showing bullish signals.
2.Double bottom pattern formed and breakout done.
3.Weekly MACD crossover may happen on upcoming weeks(If weekly closing above 116,it may go further upside)