Gujrat narmada intraday analysis Hello traders i hope you are doing well. Today i will share u gujrat narmada analysis for intraday.
GNFC trade ideas
GNFC - Weekly AnalysisIn the Weekly Chart of GNFC ,
we can see that, it taken a Halt at Support.
It has shown a good correction and now it is ready for up move.
Go Long.
GNFCTHE IDEA WILL BE ONLY FOR STUDY PURPOSE . wait for the breakout till then keep your eye on the stock
GNFC Multibagger, InvestingGNFC :
Fundamentals : Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 42.04% CAGR over last 5 years
Debtor days have improved from 54.20 to 26.40 days.
Technicals :
Bounce from demand zone of 560, closed above recent swing high (700)
Strong on chart.
Golden crossover happened.
Price closed above 100DMA now.
Good at CMP 721, can add more if it comes near 560- 670 range.
Targets are 750, 800, 850, 900, 1000+
Investors can hold without SL, however if one must, 380SL.
Education purpose only, not sebi registered advisor.
Saptarish Trading.
GNFC looks weak !!GNFC looks weak here as
*price took support 4 times (marked) and broke support today
*price also took support on key MAs many times and finally broke it with gap
*after gap, price again tried to go above MAs but failed and broke support
Only positive thing is that price is still above 200WMA
GNFC Potential BreakoutThe 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. The company manufactures and markets fertiliser such as urea, ammonium nitrophosphate and calcium ammonium nitrate under the brand NARMADA. It is also engaged in importing urea, diammonium phosphate (DAP) and muriate of potash (MOP).Chemicals- The company has also set up core chemical and petrochemical plants that manufactures products such as methanol, formic acid, nitric acid, acetic acid and many more
My view is Bullish for the below observed technical factors.
Points as per TA observed on a Weekly,Daily & Hourly Chart:
1. Contracting or symmetrical triangle observed on a weekly chart as per below:
2. Doji/Spinning top candle formation on weekly chart which indicates the continuation of trend (upward) as per below:
3. Apex point Breakout & Support established with huge breakout in volume & Bullish pin bar candle formation on a daily chart observed as per below:
4. Bullish Gartley, Bearish Anti Crab & Bullish Navarro 200 pattern formations completed within the range of contracting triangle with Gartley & Navarro 200 targets been still active on a weekly chart as per below :
5. Falling wedge observed on 1H chart with breakout & reconfirmation as per below:
6. Inverse Head & Shoulder formation in progress on 1H chart with completion of left Shoulder & Head completed with 20 & 200 EMA support established as per below :
Inverse H&S target once completed will lead to breakout of contracting triangle on weekly chart
7. Trading above 20 & 200 EMA on a weekly & 20 EMA support established on daily chart at the time of publishing.
8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly is a strong upward momentum & Daily is Neutral at the time of publishing.
9. RSI is at 52.64 on a Daily Chart and 53.03 on weekly chart at the time of publishing.
10. MACD almost touching the signal line on daily chart & below signal line on a weekly chart at the time of publishing. There is a high possibility of MACD crossover on weekly chart.
11. Hull Moving average & other averages are strong buy on daily & monthly. However Hull moving average is a sell on weekly and other averages is a Strong buy.
12. ADX ( Average directional index ) trend strength is at 14.02 on a weekly & 12.83 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend).
13. No divergence observed.
Projected Target with %: provided in chart.
Stop Loss: provided in chart.
Entry point: Conservative trades can wait for breakout & retest of contracting triangle. Aggressive & risk trades can enter at CMP.
Note: The center has approved an additional Subsidy on fertilizers for winter planting season.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So
Please do your own DD (Due Diligence) before any kind of investment”.
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GNFC - Gujarat narmda fertilizers & cheGujarat Narmada Valley Fertilizers & Chemicals Ltd.
This is stock is trading in triangle pattern in weekly chart time frame. It is a good fundamental stock. FII holding last year dec 17% but now 22% share holding of this stock.
This is not any call or trade suggestion. Purely my own analysis and study purpose sharing this view.
GNFC analysisFC - 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 its true potential
Stock P/E: 4.50 vs Industry P/E: 12.9(P/E ratio under 10)
Technically speaking the stock was in a downtrend until today where it has shown some hope of reversal.
Support Area: 505-533
Strategy: Look to buy at support area.
Recommendation: The stock has been in a downtrend since 25.10.2022. Support area being at a very reasonable distance the ideal call would be to wait for price to enter the support zone. However we have witnessed a Bullish Engulfing reversal candlestick on the daily time frame which creates a good opportunity to enter this counter. The stock has made a low of 549.15 and a high of 579.30 today before closing the day at 576.10.
We recommend a buy above 579.30 for a target of 735(Initial Target) and then on move towards our long term Target of 900+. Stop loss can be place below 505. For those who would like to follow the Price action set up we recommend a buy above 579.30 with a stop loss of below 549 for a Target of 609(1:1) and the next Target of 639(1:2)
Intraday traders book your profits at the earliest and trail your profits.
GNFCNSE:GNFC
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
GNFC BREAKOUT📊 Script: GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Limited)
📊 Nifty50 Stock: NO
📊 Sector: Chemicals, Agricultural
📈 GNFC was facing resistance around 700 level.
📈 Right now RSI is around 71.
🟢 Target 🎯🏆 - 830
⚠️ Stoploss ☠️🚫 - 672
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
GNFC: strong reversal candidateGNFC is a potential candidate for strong reversal. Keep it on your radar!
GNFC Analysis1. MT Outlook: Long Buildup
2. Breakout of "W" pattern in daily time frame
3. Symmetric Triangle Pattern in weekly time frame
Entry: Upside break of the triangle
Stop-loss: Downside break of the triangle
Target: 885-905(Confluence of Pivot R3)
For a bit longer term, we can also see a target of 65%-68% from the breakout of triangle
NOTE: I am more interested to trade the upside breakout
Double top pattern
*This idea is for learning motive only, if you want to trade then trade with your own risk, proper money and risk management.
gnfc 4hr TFlook like an upside opportunity for 650,670,690 and 700 and good accumulation up to 630 closing below make an exit
GNFC: Soon to breakoutGNFC is forming a cup and handle formation on weekly charts. Keep it on your radar!
Bullcircle: GNFC: soon to breakoutGNFC is a strong reversal stock that is trading at its immediate resistance level. Once the breakout zone is broken with good volume one can expect a sharp move in it.
GNFC Stock broke it resistance on 28/07/2022.
bought at 720.
Read this article:
economictimes.indiatimes.com/markets/stocks/news/fpis-raise-their-holdings-in-30-of-the-50-listed-psus/articleshow/92967039.cms
Swing Trade - Breakout of Resistance - GNFCShort term analysis of GNFC
buy above 722
SL : 677.95
Target : 831.75
Risk to reward - 1:2.5
