GSFC
GSFC - Weekly BullishGSFC - 02 Jan 2021
CMP 76.95
Buy above 79
SL 64.50
TGT 85 / 94 / 106
RSI took support @ Trendline
hidden candles and falling wedge breakoutGSFC has given falling wedge bo. and hidden candles breakout on daily chart.
Can buy above 61 for target of 63 and 64.
long termdowntrend 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.
Nifty - Magical Charm (Totka) @11320Totka 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)
Trading Strategy
Plan A - Sell below 11265 on closing basis as discussed
Plan B - Risky Sell close to 11300-11320 zone with stops above 11325
Downside Target
11000-11025
Below 11000 - 10940
Below 10890 for 10750
Below 10730 for 10620
Only further selling if double bottom@10585 gets broken
GSFC Short term view- Bullish1.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)
Vijayaraghavan.K,
Kovilpatti.
GSFC -Magic has 3 Simple Rules- Buy@85Target for Wave 5
160-170 Zone in few months from now .
Stop loss
Below-85
Thanks for watching this video and your precious time.
GSFC bounce from upwards trend line SupportGSFC trading in the upward channel, bounce from the trendline support buy for the target 170+ keep stop loss below 130.
Gujarat State Fertilizers & Chemicals Ltd BUY setupBuy GSFC above 148
T1: 154
T2: 159
T3: 167
SL: 140
Can we look for new high in GSFC...?Stock has broken out of falling trend line couple of days back. After that breakout price has came down two times to retest that breakout area and hold in both attempt. Now, seems like this time stock may create new high very soon. We are expecting 15% to 18% more appreciation in price.
GSFC - LONGPrice seems to have broken out above the zone of 100.
I'm expecting a move up from these levels to retest prev swing highs. Let's see how it plays out.
Below 80, long view is negated.
