Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup:
📈 Setup: HORIZONTAL BREAKOUT SETUP
🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential.
📊 Indicator Support: Momentum indicators are...
GNFC is a bluechip company manufacturing fertilisers and chemicals. Today, it is 5% up.
On weekly chart, it's about to complete an inverted head n shoulder pattern. The pattern will complete once it gets at 800 to complete the right hand shoulder. You can put a stop loss at 630. CMP 691.90. The target of inverse HNS pattern will be 1100( Long Term).
Disclaimer:...
NSE:GNFC
#GNFC 2H Chart Analysis🧐
🔹Trend : Down
🔹View : Upside Reversal
🔹Structure : Bear trend + Inverse Head & Shoulder formation near trendline resistance.
🔹Entry : Breakout trade Above 642.50
Detailed analysis on chart Study it and mark levels on your chart.
Keep Learning
Happy Trading.
The stock has been in downtrend for past few days however this was the prepration for making a handle moreover this donward trend would no longer be continued as formation of double bottom has been taken place however the fundamentals of the stock are in a concerning state
short term postion in the stock can be made eliminating the long term positions
Currently from CUP & HANDLE Pattern . it will possible chance to price will move upside form after breaking of trendline.
targets will be Resistances are marked as red horizontal lines.
previous swing low is Stop loss
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position....
In the Weekly Chart of GNFC ,
we can see that, it has created 2 pinbars in same range.
Enter on breaking of inside Pinbar high with Low as SL.
If it shows a Up move, it might form Right shoulder in coming time.
NSE: GNFC is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal and trendline support for the past few days which is indicating demand.
One can look for a 13% to 20%...
GNFC :- Cup and handle pattern has formed, wait for the breakout.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades...
GUJARAT NARMADA stock is showing weakness at the major resistance zone, it formed evening star with various Doji and bearish candlestick patterns in 1h TF also the harmonic pattern suggests that this stock might make a correction.
Note- Please do your own research this is not a financial advice
a decent rise in volumes near a breakout arena
If we look at the last few months, the fertilizer companies have done well.
chambal fert, facts, etc are just to name a few
a rounding bottom does generally well with a medium-term perspective
expect the stock to do well as long as its above 700 mark
GNFC has given a very strong weekly closing on Friday.600-610 was acting as a strong resistance and the stock has managed to close above it. A trendline breakout is also seen in the stock.
The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline.
Positional traders can...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
GNFC
Stock has given B/o on Daily timeframe
Buy near 650 with Fix Sl of 590 daily closing for tgt of 710,730,770+
Time frame 3-4 months
Note: For aggressive traders Sl is 620 Daily closing basis
Do your own analysis before investing
Sharing chart & levels for Study Purpose
