GNFC consolidated for approximately an year and now consolidating at the breakout levels. Stock can give 860/980 levels
The idea here is about GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd): Gujarat Narmada Valley Fertilizers & Chemicals Ltd.is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology.The products and services offered by the company include Fertilizers- GNFC is one the leaders in the domestic fertilisers industry....
FC - Gujarat Narmada Valley Fertilizers & Chemicals Ltd. today ema9: 600.90 ema20: 638.10 ema50: 669.55 ema100: 676.55 ema200: 645.15 ROE 5yr: 17% Strong EPS growth over the last 5yrs ROCE 5Yr: 20% Debt to Equity: Zero Strong cash flow from operations in the last 2yrs Increasing Annual Net profit Pledged percentage: Zero A good growth stock which should realise...
Gnfc is in triangle pattern as you see you can buy on trendline breakout
Short term analysis of GNFC buy above 722 SL : 677.95 Target : 831.75 Risk to reward - 1:2.5
Buy GNFC @/above 657 Intraday/Short term Target 689 Stop Loss 650 Profit approx. 5% Medium term Target 912 Stop Loss 635/below Profit approx. 38%
GNFC is clearly in uptrend & could touch first target of 485 soon.