GSFC Analysis on Weekly Timeframe
Descending Triangle Pattern Formation in GSFC on Weekly Timeframe!
Descending Triangle Pattern Breakout on Upper Side!
Bullish view on GSFC!
GSFC has made Descending Triangle Pattern on Weekly Timeframe. GSFC has given a huge breakout on the upper resistance trendline. We should wait for retest because we don't want to buy...
Another PSU Gujarat State Fertilizers & Chemicals ltd a government company has given long 1.5 year Consolidation Breakout with good amount of volume. fundamental is also good you can check on below link... ( www.screener.in )
CMP : 186
TG : 240
SL : Below 21 daily EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume,...
Long on gsfc as budget month buzzing sector fertilizer stock.
this stock is in channel since 2006 in weekly chart only broken downside one time during pandemic and again continued in channel .
target on upside is ₹220 .
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...
This is the Daily frame chart of GSFC - Gujarat State Fertilizers and Chemicals, its formed a Cup and Handle pattern and broken the Handle on 16th Feb with good volume, MACD above zero line and the Cross over happened on the Same day. Now its retesting the breakout area, once it's closed above the 138 price level in the Daily timeframe we can go long.
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...