GUJARAT NARMADA VA NSE:​GNFC

Watch Mode

see the chart above.

TGC is active CCI(D) crosses 100 Retracement from critical fibo levels Pinbar range broken with strength Crosses 38.2 fibo Big BO1 is active

educational purpose only

buy above 417.25 target 445.25 time frame 22 TDs stoploss:408.25

Disclaimer.. not invested.. not an investing/trading recommendation

GNFC can be long abv 510 on closing stp 465 tgt trail stop

Case Study for duration / accumulation / momentum

NSE:GNFCBSE:GNFC Disclaimer.. invested

looks like a 20 sma breakout. entered at 410 target open.

maintrend up

Reversal confirmation CCI(W/M) >100 Gap Support Volume Support Retracing from 50%fibo Target 626 SL 435

Stock after a great up move corrected and took support at Fibonacci level. Its also taking resistance at Fib Level and for next move need to cross that. Buy on close above 452 for target of target of 480 and more.

Close watch on GNFC as stock is showing good strength and came out of its resistance zone.

Accumulate Value Pick Stock GNFC between 280-360 Levels are: R1 R2 R3 R4 R5 R6 R7 376 391 417 443 458 484 526 S1 S2 S3 S4 S5 S6 S7 324 308 283 257 241 216 174

GNFC with strong results is moving upward in 45 degree channel on daily chart and will soon shoot to 320 level as Govt is on its way for implementing anti dumping duty on various fertilizers / chemical products manufactured by Co. It is down because of correction phase in NIFTY.

couple of closings above 292 will open road for 360-390

Short. Crossed resitanbce of several yaers. Time for some correction. CMP - 241; SL -245 T1 - 232 T2- 220