Chemical Sector - GFL+KSCL+RCF+RALLIS+LXCHEM - This sector is not performed much in this bull run, looks like time has come for it and these 5 companies looks good for the medium term, heading towards 1550-1600-1650 levels..SL 1240 WCB..
#Stocks #Nifty #Chemical #StockMarket
Gfl limited is holding company of PVRINOX ltd . As recommended previously from level 55, today gfl closed at 75 level and now.all.set to cross 110 very soon on weekly chart. Watching closely and holding too.
Monthly charts would try to cross 73 at the earliest after taking dual support at 51 range. Hoping to rebound nased on strong reserve support too. PVRInox performance will lead to fast recovery.
#gfllimited chart displayed using heikin Ashi candles instead of conventional candle stick charts which are misleading some times. HeikinAshi shows true buying mood of investors. This is good lession today I learnt. Just uldates for chart lover. added more gflltd.#pvrinox
In following up with previous sharing, GFL ltd has been witnessed with huge volume and long term Breakout today seen on technical charts. Easy move seen ahead towards 96 level.
Technically out of consolidation triangle. Last 3 days volume 6 times above average volume.. looks again promising. GFL ltd is also major PvRinox promotor.
Stock has been testing and retesting levels of 84 for some time. Ideally a high beta stock and situation requires strict sl at 79 rs. Reward is once it breaks 84 with volume then we might see 100 immediately as there was a gap down and the same needs to be filled. Watch out for those volume bars.
Disclaimer: This is not a recommendation but just observation based...
Stock has closed below the trend line but it's clear that it's a shake out candle based on the volume and next massive candle. It has to break the supply zone to continue the move.
#GFLLIMITED
GFL Ltd.
CMP: 90.50
Target: 126++
Time Frame: ~2 months
Breakouts better than all others!
Enter now and earn well!
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