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...