SWING IDEA - GSFC
Updated
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 :
Target - 245 // 273 // 317
Stoploss - daily close below 205
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Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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Reasons are listed below :
- After breaking out from the crucial 210 level, GSFC is now retesting it, indicating potential support-turned-resistance dynamics which could signal further upward momentum upon confirmation.
- The price action aligns closely with the 0.618 Fibonacci level, adding significant support to the bullish bias and enhancing the probability of a continuation of the uptrend.
- The 200-day Exponential Moving Average (EMA) on the daily timeframe provides additional support to GSFC's price action, further reinforcing the bullish outlook and suggesting potential for sustained upward movement.
Target - 245 // 273 // 317
Stoploss - daily close below 205
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade closed: stop reached
We got stopped out, for those who are still holding can wait till tomorrow's close.
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