GNFC | 5 year resistance breakout acting as support level

After the five year resistance breakout, the stock given significant return and retrenched to 50% fib level.

In chart, falling wedge breakout is visible and momentum strength confirmed multiple factor i.e., ema, volume and rsi.

Entry at current level, Stop loss below Rs 580 and Target 1 & 2 pointed in chart.

Thanks
-AJ

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Yorum:

Weekly Chart:

Daily Chart:

Technical Indicator:

Yorum:

entry above trendline

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15 min chart

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Big fall due to weak financial results.

Key Crucial Level Rs 584.

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Support - Rs 584 ; Resistance - Rs 606

İşlem kapandı: durdurma seviyesi:

technical was favourable but weak financial results made sentiment very negative.

😔😔

İşlem aktif:

volume breakout !!