Trade ideas
DAILY SWING CALL // Tuesday 6th of April 20211 / NSE: GSFCDAILY SWING CALL // Tuesday 6th of April 2021 / NSE:GSFC
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 86
TARGET: 99+(15% Around)
STOP LOSS: 77 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Stock Analysis of GSFCPrice - 114 Dt. - 12.05.2021
The stock closed right above the support line. GSFC served a nice 20% profit in the past 5 trading sessions. We are expecting stock can give a return in the next few trading sessions. We are expecting the stock to go up to 131.90 in few days. Stock may consolidate near the support line for 2-3 trading sessions.
3 Year breakoutAnother multi-year breakout is on the charts we can witness. On 01/03/18 it touches the levels of 121 on monthly basis high and now it moving with high volumes to break that bar. Beautiful Elliott wave pattern can also be witness over there. Its in blue sky zone to hit new highs. Also if u can look at the RSI is making a Rounding bottom pattern. Everything is in favor of this chart. No fundamental analysis made frankly just analyzing the chart purely. Any suggestions and views are appreciated.
UPTREND IN GSFC
As shown in the chart,
The trend is a long term upward trend with dips in the pattern,
As the stock appears to break the 50 dma line and once the dip crosses it,
The trend starts to emerge as the bulls spikes the stock in upward trend with normally 5-6 days incline with market sentiments in mind,
As the bottle neck is due to market sentiments due to Maharashtra state lockdown,
As this time when it breaks the bottle neck lines, it will rally high.
Only for educational purpose.






















