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Using the Stochastic and Regression we are analyzing the trend and possible trend reversal. Daily candle creates a strong price rejection.
Stock Broke important support levels of 106.55-101.7 . Stock Looks Weak up to 121 level .
GSFC has taken Support on Monthly TF at Key level. On Daily it has formed the reversal Setup for Buy. Buy is advised above 134.20 with Target 150 Stop CBSL 122 and its low Breach
h = 136 - 118 = 18 Entry = 126 Target - 126-18 = 108
Vow- As expected GSFC (Gujarat State Fertilizers & Chemicals) visits the box 71-73 from yesterday's gap down opening. Once we get confirmation that GSFC is looking to hold here & eyeing a bounce - we will be keen for GSFC's upside target Regards, Abhishek H.Singh, CMT