Right time to enterNSE:GNFC
Breakout above 370
Target 490
SL 359
Usual Disclaimer: This is my view only - please do your own research before entering
This is for a mid to long term investment only.
GNFC trade ideas
GNFC - WedgeWedge forming on 3H Chart of GNFC. Breakout above 365 -> 377, 385, 395. Support 358, 350. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
GNFC perfect FIb LevelsAbove 368- swing Trade Initiation For 15% Gains.
Or Wait to take a Retrace At Support.
and Then initate
Support Reversal - Bounce back pick up ✌✌This scrip may be bounce back. I'm not sure about this, but for experimental basis we can consider this. So traders keep on your radar.
Nearing Support - fundamentally strong GNFC came out with excellent results with multi fold jump in EBIDTA. The chemicals it manufactures are in an uptrend. Stock may take support at these levels and move towards the upper band.
GNFC SPOT POSITIONAL VIEWGNFC SPOT Best Buy Near Neckline.
1. Breakout of multi year downtrend channel in the month of august which was started in 2017
2. Formation and breakout of inverse head and shoulder pattern on weekly chart.
3. Stop Loss as per Pattern is 183 (DCB).
GNFC - Regression Trend ContinuesGNFC broke out the previous H&S pattern on our long term view and then failed breakout zone on short term charts, respecting the resistance line and bounced back twice from our SL at 384 indicating short term profit booking before results.
RSI indicating bounce from support and change in trend which could give major breakout once crossed 413, hence adding more quantity now with same SL for 2-3 weeks.
More upmove possibleI had previously recommended this stock above 340 and it moved well till 422. Now if it closes above 411 on daily time frame or crosses 422 level can be a good swing trade for 495
Stock Analysis of GNFCPrice - 400 Dt. - 12.05.2021
Like all other Fertiliser stocks, GNFC also witnessed the profit booking today after rising more than 7% on 11th May. We are expecting GNFC to move higher from the next trading session. The stock has successfully doubled the money of the investor who invested in Feb. Still after this the stock can go up to 550.
We are expecting the stock to grow more than 10% in just a few trading days.
RSI is in the overbought zone but the stock has the energy to move up.
Upflag in GNFCTarget 100 rs within 20-22 days via upflag.
Only for information and education purposes, please consult your financial advisor before investing.
Idea credits - Anant Ladha, Invest aaj for kal.
Analysis by Prerak Shah.
GNFC Inverse H&SSimple Breakout above 392 for a target of ATH- 565 levels if breaks 20d EMA support at 339 then pattern invalid, buy once breaks neckline with SL at 384.
GNFC, accumulating more, for trgt 450gnfc, doing well , accumulating more ,here, for a bigger trgt of 450
Clear rounding cup pattern going to form.Stock breakout from its zone and going to achieve 500 plus price.
stop loss at nearest low.
GNFC Positional again !!!Previous all tgt achieved.
GNFC : cmp : 349.5
A Bo has been done above 340.
Stock from current lvl might move towards 500
So good to grab on dips for the
TGT 383/412/435
SL 302 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
GNFC : Bullish Break Inverted Head & ShouldersWe have a clear breakout with good volumes on the weekly chart for GNFC. We can see a trend reversal pattern of Inverted Head and Shoulders on the chart. GNFC brokeout of H&S pattern during the last week of Feb. We can clearly that volumes kept increasing as the pattern developed and finally brokeout of the neckline. GNFC consolidated after the initial breakout for the entire month of march and april and now has given out a fresh weekly breakout. I expect GNFC to continue its upward trend and reach its all time high in next few months, It will likly get additional support from sector tailwinds as agrochemical stocks arecurrently in uptrend. Take an exit only if GNFC closes below 300 on weekly basis.
Gujarat Narmada Valley Fertilizers and Chemcals Ltd.- UP-FLAGGNFC Ltd. was in a consolidation since 2nd March 2021. The consolidation was preceded by an up rally. This has formed a price pattern UP-FLAG on a daily chart on this counter. The price gave an upward breakout on a daily chart on 27th April 2021 and closed at Rs. 349.50. I anticipate the price target of Rs. 446 and suggest the stop loss at Rs. 328 to be followed for the four daily candles starting from 28th April 2021. Thereafter the profit booking/ exit decision should be based on a downward crossover of 26 EMA by 5 EMA .
NOTE: This is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
