Gujarat Narmada Valley Fertilizers & Chemicals Ltd. This is stock is trading in triangle pattern in weekly chart time frame. It is a good fundamental stock. FII holding last year dec 17% but now 22% share holding of this stock. This is not any call or trade suggestion. Purely my own analysis and study purpose sharing this view.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Took a huge exhaustion from 104 levels. Came down with low bear volumes. Found support at 200 EMA Low risk, high reward entry at CMP. SL - below 200 EMA close.
Hey hello brother my self Ravindra, You will find me on my bio Gujarat Gas Bearish Below 288 For Target toward 280-270-270 Sl @297 Thanks