Gnfc might retrace till 650 of 0.618 or break that as well and then continue the down side.
Can try to buy at cmp with Target of 632-650 and sl 591
Observation:
After fast down move trying to retrace slowly....
In retracement it is moving up & trying to take support at 0.618 and move up till 650
Possibility to make A=C till 650
Trend line might also support...
There is a steep downtrend.
After that a bullish engulfing pattern is formed exactly at Support level
The support is actually a long term support. Previously every time price reaches there get a nice support and starts little consolidation.
This time also it presents a reversal formation there.
Trade: Buy above 580, SL: 560, T: 610
Sell below...
GNFC Cmp 576 dated 21-11-2022
1. Double Bottom
2. Bullish Engulfing Candle @ Support &
After a correction of 25%.
3. RSI Reversal (RSI was in oversold zone)
Buy @ CMP for target 600-650-700 SL 545
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose....
The stock looks good for a long entry due to following reasons
1) Stock is at a demand zone from which we have seen significant rally
2) Though the stock is forming new lows in smaller time frame, the stock has reached an important support level
3) We are also seeing Awesome Oscillator divergence in the chart
We may see strong reversal upto the Supply zone as...
Swing Trade opportunity.
CMP: ~ 706.55( Buy @ ~ 712.20)
SL: ~ 691
Target: ~ 750 | ~ 783 | ~ 877
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and...
GNFC looking good for swing trade it is in triangle pattern for 2month now is looking for breakouts if it is break 727 level then it is good for swing trade
target is 900 and stoploss is previous third candle low
#Watchlist
#GNFC (6D):-CMP 727.4 Looks Good Above 770/780, for 900++ :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
GNFC Cmp 698 dated 14-10-2022
1. Triangle BO above 700.
2. Volume Rise
3. RSI BO
But above 700 for target 780 SL 665
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any...
GNFC Chart looks good with a beautiful breakout, technical and volume spurt
- 5 SMA Crossing 20 SMA From Below
- CCI Trending Up
- RSI Trending Up
- William %R Crossed -20 From Below
- Higher Trade and Delivery Quantity
Since the past few days TDI pricess are going up..
But GNFC prices have not moved but are instead taking support at the 200EMA.
If the US CPI number does damage markets badly then this might make for an interesting long.
Long above 675 with SL below 630. A long can even be taken closer to the 200EMA (638) as long as it doesn't go below it.
