GUJARAT STATE FERT (NSE: GUJSTATFERT) Long-Term Investment GUJSTATFERT is showing signs of a strong rebound from a multi-year ascending trendline support on the weekly chart. Price action around the 200-week EMA and long-term trendline support indicates a potential fresh leg to the upside.
Key Observations:
Trendline Support: Stock has respected a rising trendline since 2020 and is currently rebounding after retesting it
EMA Alignment: Price holding just above the 200-week EMA – bullish long-term signal
Risk-Reward Setup: Entry near support offers favorable upside with defined risk
Support & Resistance Levels:
Immediate Support: ₹165
Entry: ₹183.78
Stoploss: ₹165
Target 1: ₹256
Target 2: ₹317
Major Resistance: ₹322
Indicators & Risk-Reward:
✅ RSI: Hovering around 45 – room for upward momentum
✅ Volume: Picking up near support zone, indicating accumulation
✅ Risk-to-Reward: ~1:4 – excellent long-term setup
Verdict: Bullish (Weekly Chart View)
A clean long-term trendline bounce with confluence at 200-week EMA presents a high-probability swing or positional trade setup.
Plan of Action:
BUY: ₹183.78
Stoploss: ₹165
Target 1: ₹256
Target 2: ₹317
Trailing SL: After ₹220, start trailing to lock profits
