GSFC - Selling from Top@160 -Cracks in Wave A/1 - 163 to 134

Closing Price@134.65 - 15th Nov2017

GSFC - Gujarat State Fertilizers and Chemicals
Excited as GSFC cracks right on the top@160 as suggested in the last update. Looks like we are close to the end of an impulsive move downside from the highs of 165. Any push later above 139-140 shall be the clue that the downfall is in place & done.

Previous Update - Cracks with wedge at 165 - Will it fall deep to 110-115

What we expect next?
Moving above 139-140 -likely it will retest the gap zone 146-150 where it should face the next resistance zone.

Trade active:

13:40 Hrs 16th Nov2017

Last Price@135

Early in advance as expected - 132-133 seems to be good support zone.

Trade closed manually:

18:05 Hrs 16th Nov2017

Last Price@136.65

Turning upside - Take Care. Closing the update- Thanks