GSFC | Trendline + Resistance BO | Double Bottom For Education Purpose only!!!!
✅GSFC is a key player in fertilizers and industrial chemicals, but recent financials suggest challenges in growth and efficiency. Suitable for risk-averse investors seeking dividends, but requires deeper analysis for growth prospects.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
⚠️Buy on most timeframes, with positive indicators supporting upward movement
⚡️Strong "buy" signal from exponential and simple moving averages over medium and long durations
🎯Stock is in an uptrend with bullish signals from longer-term moving averages (50-day and 200-day moving averages)
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💡✍️Technical Analysis:-
✅Trendline BO
✅Resistance BO
✅Range BO
✅Strong Demand Zone
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Gsfclong
GSFC Analysis(Descending Triangle)!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 it at higher price so we are waiting for a decent retesting. We can see a huge breakout volume so we need to wait for the volume adjustment for avoiding the breakout trap.
Trade Psychology and setup =
Entry = After Retesting between 147.10 - 153.30
Target = Target will be 241.40
Stop Loss = Below 122.35
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
GSFC for 35% (approx..) GainAnother 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, Delivery & VWAP. ( To view this, click sedg.in )
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. ( To view this, click sedg.in )
4: Fundamental : PE, PAT, Industry & peer PE and sector performance. ( www.screener.in )
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.