GNFC trade ideas
GNFC Intraday trade to positional if movement is goodNSE:GNFC Don't enter if it gaps up too much.. Wait for the levels... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
#GNFC Long Positional and Long Term #highriskHi, although I have liquidated most of GNFc between 215-218 but thinking to get again between 204-207 levels if it comes. MA is marked. LT 1st TGT is 292 which is very far way, intermediate stop can be at 250-256 level.
GNFC has been in a long term downtrend and came out once it crossed 182-84 levels.
SL can be 2 Rs or as per risk calculation usually 1% of entire invested capital.
the info above shared as per chart and is not all a recommendation or suggestion.
Swing Long in GNFCAfter May's Fall, continuous formations of higher lows are forming and resisted at 235 nearly 4-5 times.
Finally it gave a good breakout with volume expansions.
Entry at retest of 235 would give ideal RR.
Short term positional trade : resistance breakoutbuy at cmp and add in dips till 234.
means you can take risk at cmp or wait for pullback .
Target 260, 280, 300
Sl below 210
GNFC: Short and Mid term viewRef chart. On daily chart MCAD crossover may happen on this week.As per daily and weekly chart showing bullish signals based on indicators. As per per Ichimoku, Weekly candle closed above the cloud and also it closed above the 21,200 Moving Average lines.
Vijayaraghavan,
Kovilpatti.
HOW I SAVED MY MONEYTHERE WAS RESISTANCE ,
AS SIMPLE AS IT SOUNDS
.
YES , I DONT USE ROCKET SCIENCE TO MAKE MONEY
GNFC: Following Exact Fibonacci NumbersStrong Resistance at 215. Rejected multiple times in past.
Recently broke the resistance but rejected sharply & every retracement was perfectly aligned with fibonacci levels.
LEVLES visible in chart clearly.
Now attempt to move to upper fibonacci levels.
Targets would be :
T1 254
T2 268
Start of a upmoveAfter breaking a long downtrend line with huge volumes, it has also started to outperform the benchmark index in recent times. In the spread chart of GNFC/NIFTY50 , it has shown a breakout.
Perfect breakout - GNFC 225 is crucial !Price beautifully traded in between the trend lines and made a symmetric triangle pattern. Today breakout was expected and it breaks from the triangle. Target price given and it may take few days to reach, if buyers exhausted and price falls below 215 then the above is invalid.
It is hard to share all my analysis, tradingview is restricting 10 analysis for a day. When I am done for the day I am unable to proceed further and this is why these charts are not posted before the break.
Buy GNFC SL 129 Target 159 164 168 174 178 180 SL 121Buy GNFC SL 129
Target 159 164 168 174
178 180
SL 121
Pure Fertilizer PlayLevels mentioned on charts .
Stock is moving as expected.
Fertilizer sector on positive momentum.
Comments and suggestion are welcome .
