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VG_INVESTMENTS

SWING IDEA - GSFC

Long
GUJARAT STATE FER (NSE:GSFC)  
VG_INVESTMENTS Updated   
NSE:GSFC   GUJARAT STATE FER
Technical Indicators Trend Analysis Chart Patterns swingtrading swing IDEA bseindia nseindia buyzone tradingideas
8
0
indicator trendanalysis chartpattern swingtrading swing idea bseindia nseindia buyzone tradingideas
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 in coming weeks.
198.65 is all the high for this stock.
  • 1st target will be 193-198
  • 2nd target will be 211

SL - daily close below 165
Comment:
we can add some quantity.
the stock looks good.
Comment:
We hit our second target as well.
Got 20% easily.
done with this trade.

THANK YOU !!

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