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GUJARAT STATE FERTILIZERS & CHGUJARAT STATE FERTILIZERS & CHGUJARAT STATE FERTILIZERS & CH

GUJARAT STATE FERTILIZERS & CH

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GSFC trade ideas

GSFC- Closer Look into the zone 71-73 (A Gap)GSFC had a gap between the zone 71-73 as shown by the thumb. Likely, Price could go in the zone 71-73 to fill the gap. Unless, Price closes below Gap -one should not think of selling because gaps could be the dynamic support for the market. If GSFC goes into that zone of 71-73, Traders should watch price action keenly to see the bounce from that zone -once confirmed, then look to initiate long positions as one can go long if GSFC crosses 79 as per previous update- "GSFC- Seller's Paradise 81-83" Regards, Abhishek H. Singh, CMT
NSE:GSFC
by WaveTalks
1
GSFC (Gujrat State Fertilizer) - Seller's paradise 81-83GSFC has been going into seller's paradise 81-83 for 1 year. The first attempt was in July2015. Second attempt was in June2016. So, one should be careful if you wish to add GSFC to your portfolio- one can do that only if paradise zone 81-83 is taken out sharply to the upside. Till then Trading Strategy- Once the falling trendline gets breached trader can look to initiate long positions likely above 79 marks. Alternate Trading Strategy- Wait for the zone 73-75 to see whether GSFC hold's in that zone- once it appears that zone is giving support -one can plan their longs only if it starts moving upside direction. Regards, Abhishek H. Singh, CMT
NSE:GSFCLong
by WaveTalks