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WaveTalks
Nov 15, 2017 1:19 PM

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

GUJARAT STATE FERNSE

Description

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
Comments
Einstein15
HI,I know this is random but, does these Elliot waves looks good to your eye or is it too optimistic? You are probably the only one who uses it on regular basis,so yea,your view would be deeply appreciated.Thanks.
CANFINHOME- DAILY

WaveTalks
@Einstein15, Hi, Let me get back to you in PM(Personal Messenger) once I check the stock. Thanks
Shobhit89
Hi Abhishek ji,

recently started to learn EWP after burning hands trading pivot levels in intraday. Could you please tell wht wave 1 started there? I mean it is coming from even down?
WaveTalks
@Shobhit89, Let us chat in PM sometime in weekends.
Shobhit89
@AbhishekHSinghCMT, Sure...Thanks!
MAHESHBEDEKAR
Sir, can we go long gnfc at 135?? For 150 ??
CKVIEW
@MAHESHBEDEKAR, Yes Sure
WaveTalks
@MAHESHBEDEKAR, if 132-133 holds & you get a chance to buy in that zone or crossing above 141.50 for 150.
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