stock completed the abc correction......todays low is at the cofluence of pitchfork median, 100 SMA, 1.382 fib. extension of AB leg and fib. time extension of 1.0
The stock has retraced from the declining pattern with good volumes post its Quarterly Earnings.
It looks poised to cross its 52W high and touch its ATH soon.
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breakout of cup and handle on a weekly chart.
enter here and see how you get 70% return in 1-1.5 years(NOT A SHORT TERM PICK)
enter at cmp
SL- 320
target - 500
target for long term 675-700
Stock after forming rounding bottom at around 90-100 levels, has now also broken the resistance of 395-400 levels. Now any retracement towards 400-395 levels, would a good buying opportunity and new high can be achieved in coming months. Also, it can considered for long term bet, as portfolio stock, as it has more institutional investors participation, with...
Target:- 600
Stop Loss:- 377
Duration:- 10 to 12 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. This is basically rectangle pattern. Use proper stop loss and maintain discipline throughout the trading period and use...
Prices of Ethyl acetate and Acetic Acid have increased in last week which might ensure some rally is there. The stock is hardly trading at pe of 8 with strong Cash flows seen in last 4 quarters.
Good Volumes were seen in last few days after a gap of few months
The stock has broken out of the pattern with high volumes.
It is likely to stay bullish if it sustains over 380.
Should the trend continue, the targets are 420 and 480.
Stop loss levels can be kept basis your risk profile (use fibonacci retracement levels given in the chart for reference).
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Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GNFC
Stock is on the verge of Breakout
If the Stock Cross 390 Entry can be made for Target of 420.
Stop loss 370.
It has increasing volumes for past two days.
GNFC Cmp 383 dated 21.9.2021
1. Rectangle Pattern BO above 388
2. High Volumes.
Buy above 390 for a tgt of 410-450 SL 350
It is just a view, pls trade at your own risk.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. operates as a holding company, which engages in the manufacture and trade of fertilizers and industrial chemicals. It operates through the following segments: Chemicals, Fertilizers, and Others. The company was founded on May 10, 1976 and is headquartered in Bharuch, India.
NSE
