Ascending triangle pattern in GNFC.Discription:
Stock Name: GNFC.
Chart Pattern: Ascending triangle pattern
Time Frame: 1 Hour
Breakout entry above :- 750+
Breakout target :- 800+
Stoploss :- 736-
GNFC trade ideas
YR 2022 Idea #119: Long on GNFCThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
GNFC Fresh Breakout SeenGujarat Narmada Fertilizers (GNFC) NSE has Seen Triangle Pattern breakout on the Daily and 4-Hourly Charts. We are Buying NSE: GNFC in Cash Segment at 780 For the Targets of 830 And Stoploss of 759.
Reasons To Buy GNFC:
# Stock Today is trading in Momentum is trading up 2.8% at 783
# On the breakout Candle Volume is on the Higher Side.
# Stock Today Sustaining Above 61.8% Fibonacci Level.
Educational Price Action Analysis - Monthly Chart - GNFCOn Monthly candle after BO, re-test happen at 533 but there was a trendline resistance which has also crossed now, if price closed above that trendline BO price then price can touch ATH.. wait for monthly close to check the analysis.
GNFC
• Already bullish in large time frame .
But after that some consolidation & creating base .
• & RSI seems Bullish ....
• After Breakdown 200 EMA , Keeping head above it by following trendline
• MACD Came up side of Histogram
What you think ? Let continue the trend.
So we can follow some targets derived by Harmonic Price Action , shown on chart.
GNFCmaking HH & HL,
moving with the supportive trendline,
can complete its rounding bottom pattern & moving towards 900 lvl
GNFC Bullish View (Inverted H&S at Bottom, BB challenge)GNFC has passed multiple filters to have bullish view currently on daily chart
Patterns and Interpretation :-
Inverted H&S :- There is Inverted Head & Shoulder formation at bottom as reversal,
Dow theory reversal :- Trend is reversed from inverted head long back and stock is in uptrend
Genuine Break out :- There is shakeout happened before breakout and it seems genuine breakout and not fake breakout
Support resistance : There is no immediate resistance nearby. Major resistance is broken on 27th July
Elliot Wave :- Stock is in 3rd wave and will move fast
Go Long while stock will retrace for breakout testing around Rs.693 with Target of Rs.742
Stock has challenged upper Bollinger Band with ADX above 20 and DI+ crossover with DI-
* Note :- If stock doesn't retrace then Entry around Rs. 715 with Stop loss of Rs.693
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Another up move in GNFC?Chart -> GNFC Daily
The stock has given Box Breakout with Bollinger Band and RSI strengthening. Previously similar setup turned out to be a massive up move for the stock.
CMP: 715
Targets: 758, 815
SL: 658
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
GNFC - Round bottom formation GNFC - has formed round bottom formation and consolidating in a symmetrical triangle pattern close to all time high. breakout can give very good move
GnfcGnfc watch out for this channel, break out will give easy 10-20-30% Sl or wait if it fall back after touching the upper channel.
GNFC MONTHLY CHART ANALYSISGNFC Monthly chart show is very strong, the share monthly candle breakout in the level of 550, and share out of the buyer range now the share is pullback and come to breakout level, the price is show in the support this is very simple chart, but most of the people not see, my view 550 stoploss is good for entry
GNFC - Long viewKindly refer chart
The price has moved out of its support levels and one could expect the levels of 900 over a period of time, hence would place this for a long term view.
On the shorter front we could look at this from an intraday point of view and look for the immediate targets of 620 levels
GNFC looks weak !!GNFC : cmp: 598.45
A rounding top kind of pattern has been formed in D chart.
Closed below previous low.
RSI & MFI trending down.
Trading below all major moving averages.
So sell on rally.
Short near 621-614 if comes.
Profit booking zone may be 571- 506
SL 634 / According to ur risk appetitte.
June future/ Option: June 600PE can be look after.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
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GNFC GNFC has formed a head and shoulder pattern ..if the stock breaks down side again it will see nearest support area around 400 to 460
Long gnfc in daily time frameLong gnfc in daily time frame...
Two support collide.....
One is trendline other is fibb level 0.618
retracing at Fib level. Nice fundamental . CMP 687 target 900+This Call is for only educational purpose. please ask your fInancial advisor before Investing.
Swing tradeEntry in between 800-815, with SL any candle close below 750 and immediate tragets 900+ book 50% profit@900+ & 50% trail .
This recommendation is only for education purpose I am not a SEBI stock research analyst.
GNFC Short Sell OpportunityGNFC correction will be continue if it break the 1st support then it may fall at the next support
Simple Trade Setup | GNFC | 26-04-2022 [INTRADAY]NSE:GNFC
Observations:
1) On 1day time frame, it finally gave breakdown of the range.
Please refer below chart : 1day time frame.
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Trade Setup for 26-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
hidden bullish divergencehidden bullish divergence has formed on daily chart with respect to RSI, wait for price breakout of triangle consolidation to initiate any long trade
