GNFC Reversal on the cards Approaching the buying zone
RSI breakout on the cards
IF reversal does effect then looking for a GOOD large upside :)
GNFC trade ideas
GNFC looking good above 610 - positional 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.
May be reach 660, 700 +
SL 577 or as per your calculation.
Cup & Handle PatternThis scrip display a descending triangle which has been broken in the W timeframe.
we are able to see a cup & handle formation too which indicates a previous bullish trend continuation.
The supports & resistances have been marked.
Stock looks good from a long term perspective.
GNFC, Bullish, Target 620The stock looks bullish, though below 200EMA, have given channel break
out with huge volumes along with inverse Head & Shoulder formation. After
200EMA has the strong resistance zone which is breached can provide new
higher targets.
Bearish Engulfing Pattern on GNFC
The Bearish Engulfing pattern has emerged on the trading chart of NSE:GNFC GNFC, signaling a potential trend reversal in this scrip. Trading View users and investors tracking GNFC will find this pattern of particular interest, as it suggests a shift in market sentiment from bullish to bearish.
The Bearish Engulfing pattern is a widely recognized technical analysis tool used to identify potential reversals in an uptrend. It consists of two candlesticks: a smaller bullish candlestick followed by a larger bearish candlestick that completely engulfs the previous candle. The pattern indicates a change in control from buyers to sellers, as the bears overwhelm the bulls, potentially leading to a downward price movement.
In the case of GNFC, the Bearish Engulfing pattern has materialized, with the second bearish candlestick entirely covering the preceding bullish candlestick. This development implies that selling pressure has intensified, and investors should exercise caution.
Traders and investors who use Trading View can leverage this information to make informed decisions regarding their positions in GNFC. By recognizing the Bearish Engulfing pattern, they may consider potential actions such as reducing or exiting long positions, implementing short positions, or employing risk management strategies to protect their portfolios.
Additionally, users can take advantage of Trading View's comprehensive charting tools and technical indicators to validate the Bearish Engulfing pattern, further enhancing their understanding and confidence in the potential trend reversal.
Remember, while the Bearish Engulfing pattern is a powerful tool, it should not be viewed in isolation. Combining it with other technical analysis tools and considering fundamental factors relevant to GNFC will provide a more comprehensive view of the scrip's future price action.
Trading View users tracking GNFC should monitor subsequent price movements closely to confirm the validity of the pattern and to stay updated on any emerging trends or signals that may impact their trading decisions.
Please note that this description is based on historical data, and it's essential to conduct thorough research and analysis before making any investment decisions.
Credit for indicator : Pro trading art
Thankyou WOLFS !
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in GNFC
BUY TODAY SELL TOMORROW for 5%
GNFCGNFC - Stock though it is BAN it is having large OI since from 3-5 months now. Technically strong and it can kiss 650-675-700+ Zone. Keep SL 617 on spot basis. Hold in cash without any tension.
Decending Triangle breakout in GNFCBUY GNFC at cmp (current market price) and sl is mentioned on the chart! HAPPY TRADIND :)
GNFC LET'S GO UP TOGETHER!!!!Good Volume Base breakout.
Good consolidation.
Great Volume.
Great RR.
SL below 575.
GNFC buy signal, weekly timeframe.GNFC is developing a Cup and Handle pattern, which is a bullish pattern on weekly/monthly charts, indicating strength.
Moreover, company fundamentals are also very good with zero debt and healthy ROCE.
Price has started moving towards bullish territory but please do keep a strict stoploss and adequate position sizing.
GNFC made a bullish pennant breakoutGNFC made a bullish pennant breakout on a daily timeframe with good volume, we can but at current level with SL @ 577, TGT1 : 683.80, TGT2 : 734.55
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
GNFC multi time frame analysisGNFC on monthly time frame gave a breakout of rounding bottom in Feb'22 and immediate next month it gave more than 50% upside momentum. Since then it has went into correction mode and is taking support now from last few months at the previous resistance / breakout level on monthly closing basis.
Monthly candle so far is looking good and since Oct'22, it is probably first time price is trading above its previous month's high.
On Weekly time frame -
The stock is showing positive divergence with an anticipated falling channel breakout on weekly closing basis
On daily time frame
On daily time frame stock has already given a channel breakout here with some good volumes
On hourly time frame
On hourly time frame stock seems to have given a ascending triangle breakout and looking in good momentum currently
GNFC 580CE
580CE is trading above vwap & avwap levels and showing signs of some short covering, with highest OI placed at 600 it may be good idea to track this for a momentum trading.
No reco for buy and sell, this is just an education post
GNFCGNFC chart looks great.
It has taken support from 0.5% fib level on Weekly Basis and now given breakout above 585 (0.38% fib level).
Recent volume is also increased.
Next target for stock is 700 (0.236% fib) and SL should be Weekly close below 50 EMA.
GNFC Falling Wedge Pattern Breakout on Weekly ChartGNFC has coming good buying volume, expecting a good returns in short term. Also it should be seasonal stock as monsoon is coming. Good Rally ahead, keep a watch or enter into CMP with stoploss 580
GNFCBreakout from weekly trendline.
Ps: Do your own research
Drop in your doubts in the comment section
Please boost the post if you find it helpful
Thank you
GNFC is go UPsideGNFC closing at 600.85 with a stop loss of 575 then targets are 650-700+.
Buying Reason.
1 --> Price can break out the 200 EMA.
2 --> Price ready breakout the Trendline.
3 --> RSI is cross 60.
4 --> Volume also break out the and all buyer levels.
5 --> ADX shows the upside move.
6 --> Bollinger Bands are ready to open and Ride on the Band.
Bearish view in GNFC- Despite of good bounce from 52 week low in last week, trend till in bearish phase (No higher high)
- If it fails to close above 556 level, again 465 level to be seen as continuous bearish pattern.
GNFC Cmp 509.35 Reversed from SupportGNFC Cmp 509.35 dated 31-3-2023
1. Reversed from support.
2. Consolidating in a channel & reversed from lower band.
3. RSI Reversal
Buy @ CMP for target 530-545-565-570 SL 490
It is just a view, pls trade at your own risk.
BO of 200EMA - Strong BO at the support
- Huge volume and candle
- Closed above 200EMA and trading above all other key EMAs
- Bullish Daily RSI
GNFCDowntrend trendline breakout possible in Gujarat Narmada Valley Fertilizers And Chemicals Limited . Weekly volume is very high.
GNFC BEARISHGnfc is looking bearish on weekly chart by breaking a rising support and closed below on weekly time frame chart so if break horizontal support on weekly chart and close below that support which is near about 480 levels we can consider it as a confirmation of breakdown and will go for a short in it for the target of 400 stop loss is a candle above close of that horizontal support on weekly candle basis.
