GUJARAT NARMADA VA

NSE

GNFC

GNFC moving through a channel and the last wave is taking support at good support zone and bounce Candle formation also attractive Technically it can touch 282-289-296-304 and more Upper channel line is a 318-321 zone which also achievable

GNFC With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330. Not for any trade advice, ...

GNFC: price are not able to break the down trend line, strength is also weak for breakout, with the last dip to 240 level couple of weeks back has limited the downward level making it as support area. May be some fundamental event can trigger upward momentum. It's a investment worth script. FA guidance required.

If it clear the barrier marked in red between 322 n 330, then target of 360 is on the way

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GNFC Today's close : 290.95 Tg : 303, 309, 317 SL : 278

On a long term chart, GNFC has retraced 61.8% of the move from 53 to 548 and rising RSI from an oversold region indicates a bounce that could take it to levels of 300/320. One may buy on dips with a SL of 230 and targets mentioned. It is a short term/Medium term call.

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