GSFC:- Head and shoulder pattern has formed, wait for the breakout on the hourly chart, till then keep your eye on the stock.
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GSFC the moves are impulsive we have first 9 Waves up it could further subdivide in 13 waves will have to wait but any pullback to 155-147 will be good add zone for long term investment.
I am not a SEBI Registered Analyst please consult your advisor before investing charts shared for education purpose only.
GSFC go long with ur risk management ..After long correction it is not yet confirmed impulse but we are taking risk here anticipating good BO with volume
1. Triangle breakout with Volume and Relative strength is in a bullish trajectory
2. Price target estimated about 195 to 205 by next 3-4 month
3. Some pullback is expected at the current price
4. Strong fundamental and Valuation of the stock
5. Target price is overlapping with the previous trend of the stock.
***I am NOT a SEBI registered advisor or a financial...
GSFC is showing signs of a good breakout.
Wait for the breakout to complete and enter safely, markets are super volatile right now.
Entry - 147
Target - 156.80/169
SL - 135
Study the stock & Trade Responsibly.
Safe Entry - Wait for the breakout & a retest.
Long on gsfc as budget month buzzing sector fertilizer stock.
this stock is in channel since 2006 in weekly chart only broken downside one time during pandemic and again continued in channel .
target on upside is ₹220 .
GSFC is giving a good setup on weekly breakout. For short Term Traders , can buy on crossing 153.5 for a target of 163-164.
For Medium to Long Term Investors, we can see a Rounding Bottom Formation on the weekly charts. If it breaks 164, we can see a target of 200- 250.
Volumes are starting to increase also deliverables are at 31% consistently. We may see a...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
GSFC under falling wedge monthly strong support. Travels from weekly support to resistance. If it opens above 124 and sustains above the short-term resistance 132 it will reach 164.stop loss 112
GSFC respects fib values. Interesting concern on daily, will the Head and Shoulder break down or will the hidden positive divergence of RSI prevale. Long term volume transactions are in the 116 region.
![GSFC: [Basket] GSFC Gujrat Election Bet](https://s3.tradingview.com/a/aKTjtNVn_mid.png "[Basket] GSFC Gujrat Election Bet")
