GSFC --INTRADAY SETUP - HOURLY CHART -- 19/05/2022
>> Hourly chart seen trendline breakout Around 155 level last closing candle is breakout candle
>> Daily chart seen trend reversal signal as wave trend crossover to bullish after downtrend
>> RSI at mid range move above 40 level after oversold
BUY GSFC Between 155-157
GSFC -> WEEKLY CHART
A promising and huge breakout with good volumes. Weekly close above it's 2018 all time highs, should pave the way for new territory to explore for GSFC.
The breakout has been done in single candle only so there can be some consolidations. One can accumulate between 150to175 range.
First target can be 250, and stoploss at 125.
To hold for...
Gujarat State Fertilizers & Chemicals (W)
Trading at All-time High
Breakout with Massive Volumes
Buy above 176
Chart shared for educational purpose. I am not SEBI Registered Analyst. Kindly do your own research before investing.
Very good looking weekly chart.
Adding 70% of trading qty at current price of 171.6
will add remaining 30% on retest of breakout (160-165).
Aiming for 1:3 RR At current level.
This is follow-up on Gujarat State Fertilizers&Chemicals (GSFC). Can check link to related ideas.
Target 1 achieved. Gain of more than 21%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations....
Cmp : 154
Closing Above 155.50 will give good Move.
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We...
Crossing WK Piv Upside
Closed above past support Line
Closed above Monthly and Weekly 20 SMA
Also Monthly 20-SMA Crossed Upside 50-SMA
Will test 139 -- but if cross and sustain above this, we will see strong upside
Add to watch list and do own research.
Strong Bullish tend in GSFC.
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for...
The stock is near its 52W high, and witnessed a spike in volume on Friday, 30th July.
If the momentum continues, considering its strong technicals, it is highly likely to break out of the ascending triangle pattern.
Considering the historical trend on the weekly charts, it is expected to touch near term targets of 137.8 and 150.8 respectively.
Depending on your...
GSFC is looking to bounce !! Can consider an entry at 123-124 ranges.
Stict stop loss@115 .
Can expect a return of 10-15%.
Trade with caution, analyse the stock before entering into trade.
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