GSFC bounce from upwards trend line SupportGSFC trading in the upward channel, bounce from the trendline support buy for the target 170+ keep stop loss below 130.
GSFC trade ideas
GSFC - Reversal from its trendlineNSE:GSFC has reversed from its trend line
Go long above 146.80
T1 155.90
T2 166.90
SL 134.80
GSFC : ROUNDING BOTTOM + RISING CHANNEL PATTERN {BULLISH}DEAR ALL , EVERYTHING IS MENTIONED ON CHARTS ... BE HAPPY ... GOOD LUCK IN SHARE MARKETS !!!
GSFC - Selling from Top@160 -Cracks in Wave A/1 - 163 to 134Closing Price@134.65 - 15th Nov2017
GSFC - Gujarat State Fertilizers and Chemicals
Excited as GSFC cracks right on the top@160 as suggested in the last update. Looks like we are close to the end of an impulsive move downside from the highs of 165. Any push later above 139-140 shall be the clue that the downfall is in place & done.
Previous Update - Cracks with wedge at 165 - Will it fall deep to 110-115
What we expect next?
Moving above 139-140 -likely it will retest the gap zone 146-150 where it should face the next resistance zone.
GSFC -Cracks with Wedge at 165-Now@150-Will it fall deep@110-115Last Price@150-151 -8th Nov2017
GSFC was one of the stock which was highlighted at 65-70 zone last year. Excited to share at 165.
GSFC on 2nd Nov2017 - Could be turning down soon. Look for a bounce & if it travels close to the highs then plan to trade in bear camp keeping an eye on the risk which you have to take.
GSFC Crab/Deep CrabGSFC Crab/Deep Crab
Short below 151.45 with 160 as SL
T1 - 146.35
T2 - 142.30
T3 - 138.10
T4 - 132.25
GSFC cup and handle break outGood stock with cup and handle break out with good volumes.
Can be bought at 152 or below, We can get 195 target in a month with SL of 134. trail your sl as stock moves in UC.
Gujarat State Fertilizers & Chemicals Ltd BUY setupBuy GSFC above 148
T1: 154
T2: 159
T3: 167
SL: 140
Can we look for new high in GSFC...?Stock has broken out of falling trend line couple of days back. After that breakout price has came down two times to retest that breakout area and hold in both attempt. Now, seems like this time stock may create new high very soon. We are expecting 15% to 18% more appreciation in price.
Long GSFC with SL 113GSFC has formed triple bottom and has bounced back. One may long GSFC with SL as 113 and tgts 133 and 140
GST of FERTILISER Reduced 12% to 5%, Is-VE News DiscountedGSFC: @ 114.65 (Spot)
GST of FERTILISER Reduced from 12% to 5%. (Announced Prior 3 hours of Opening Bell)
Possible -VE News Already Discounted.
A Panic bottom may form @ 109.65, Extended to @ 106.75.
Pattern Confirmation Level: @ 117.5 - @ 119.60
Go LONG: Positional / Swing TGT: @ 127.9 , @ 135.75, @ 141.3+
Can we see some Reversal from Here.
Strategy For FnO Trader:
LONG Futures 27-07-2017: @ 115.60 , LOT Size: 4500
SHORT 125.0 Call 27-07-2017: @ 1.75, IV (Implied Volatility) : 39.79
LONG 115.0 Put 27-07-2017: @ 4.30, IV (Implied Volatility): 36.63.
Strategy Price (Net Option + Future Premium): Rs. 2.55 / LOT
On EXP. Break Even Point: Rs.118.15
Projection Assuming Spot Price @ 127.9 & Time Frame 1 WEEK (5 Trading Day) & IV Unchanged:
Projected 125 CE: @ 7.55 , & 115 PE: @ 0.75
Strategy Price (Future Premium + Net Option): Rs. 7.00 / LOT (Approx).
Projected Profit: Rs. 6.45 / LOT (i.e. Rs. 7.00 - Rs. 2.55)
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GSFC: Stock is up but view is bearishGSFC
CMP 119.3
Observations
- 20 day EMA crossing below 50 day EMA
- 122-124 important resistance level
- 112-108 important support zone
- below 115 Head and shoulders pattern starts getting stronger
- Probability of the stock going lower increases if it takes out 112-108 levels
- Target zone for the pattern 94 / 86
- View gets invalidated if stock sustains above 124 for time being...
Take care and safe trading...
GSFC: 128 I will be looking to go long for 135-139.9 sl 123Above 128 I will be looking to go long for 135-139.9 sl 123
Can we See 10-12% ReversalGSFC: @ 125.45, RCP: @ 126.2 (LTP at 03:29:59PM, i.e Last Tick in Normal MKT.)
Towards Formation of Bearish GARTLEY
B = 0.618 of XA, Here 0.614, Criteria Fulfilled
C = 0.382 - 0.886 of AB, Here 0.601, Criteria Fulfilled
Projected "D" = 141.3 Normal TGT.
To Confirm Rest two Criteria
D = 0.786 of XA &
D = 1.272 - 1.618 of BC, Projected 1.466
Technical Parameters: +VE Divergence on MFI, OBV , Stoch (hidden)
LONG: Best Below @ 125.05
For Swing Trade=> Res.: @ 126.95, @ 127.4 (strong), @ 128.1 - 128.7 (HZ) , @ 130, Sup.: 124, @ 122.2, @ 121.1
For Short Term Trade=> RES.: @ 134.9, @ 136.2-137.1 (HZ) , @ 139.6, SUP.: @ 117.7, @ 116.1(Strong)
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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor .
gsfcthough we missed right entry point we can start accumulating this stock for a big move with a tight sl of 116.
target 150+
GSFCstock is in upward raising channel
touched the lower end of channel and now started moving up
can buy at cmp
tgt might to towards channel resistance
sl 123
GSFC- Will you trade this channel for downside move till 100-102There is a channel which can be traded at the top zone - 118-120 - will you trade? Common you must be kidding - I am a safe trader, I will trade once it starts moving below 112 which was initially hit post gap down move from 116 to 102 for target zone 100-102 - Why there is a hurry to trade-Keep cool.
Yes, Risk Takers can trade in the zone 118-120 who don't complain of losing 3-5 points as returns are huge so it depends on your style of trading.
Trading Strategy
Scenario-1 (Most preferable)
Safe traders can trade below 112 for target zone 100-102 -once it dips below 112 then can put stops above recent highs or wait for 100-102 zone if hits & look for larger trend which is upside.
or
Scenario-2 (Next Likely)
Going above 121.50 & sustaining above 120 likely it moves for higher targets.
You would love to read my previous updates
Media Bell Rings 116-to 102 Amazing!
Magical turn below 122
Knocked 118.80 What Next?
Rocket Move Started from 107-108
GSFC 2016 Diary- 50+ points
GSFC- 11% Down -Media Bell Rings 116 to 102-Amazing!Last Price@107.50
Wow! - What a day to start with GSFC 11% down- the bell rings.
What next?
Yes, it could go & fill the gap as of today@24th Jan2017 but likely we will now wait for 122 to be crossed above or as I said earlier, every fall will be an opportunity to buy in this stock, but surely not 118.80 & warning was issued that going above 122 on sustained basis only it will look bullish.
Previous Analysis
Magical Turn below 122 -Evening Star Candlestick Pattern
Knocked 118.80 -What Next?
Rocket Move 107-108
GSFC 2016 Diary- How we moved in 2016
