GSFC Taking support at weekly. Good for Swing Trading.
T1 240
T2 255
(Long Term) T3 280 - Hold for long term only if weekly candle closes above 248-251
This is not investment tip, Just for Educational Purposes. Do ur own analysis and invest. If u like the idea kindly give it a boost. Thanks
In consolidation phase now from 323,
Can correct till 243.7 (done ), 219.3, 195
and then might rise towards 322, 401, 450
in 2 years
So, buy few now, and buy on lower levels and hold
so many chemical stocks are in consolidation , giving opportunity to accumulate , can invest 5-10% capital and hold for very good gains in 4 to 6 months.
Gujarat State Fertilizers & Chemicals Limited (GSFC) , a stalwart in the fertilizers and chemicals industry, is renowned for its innovative products and steadfast commitment to agricultural sustainability, making it a compelling candidate for swing trading enthusiasts seeking opportunities backed by solid fundamentals.
Reasons are listed below :
After...
Chart Legend
..... - Dotted red Line - Potential Reversal Levels
---- - Dash Green Line - Potential Profit booking levels
Line - green or red - Major levels
Line - White - Make or break Level
Buy above - 204
Targets 250 to 260, 359, 396,
Stop loss - 170
Important Dates to monitor :-
29th Dec 2023
20th Feb 2024
11th March 2024
Hope this...
Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below :
stock is in a uptrend and corrected till the 0.618 zone (golden zone)
50EMA support in daily TF
created a 'W' pattern
a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles)
Stock could easily move unto 193-198.65 levels...
The stock broke out a multiyear trend breakout with decent volume and accumulation can be seen in the recent monthly volume. fundamentally very good company. good time to add to the watchlist.
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
This content for only education purpose!
I am not SEBI Register.
