GNFC breakout, retest trendline, Fibo rejection

30 May 2023

GNFC has given a breakout of the above trendline, and is now retesting it. There is fibo rejeciton at current levels. If sustains above 612, go long. Target and SL is shown.

Note - This post is intended only to provide general and preliminary information to investors/traders and should not be considered as the basis for any investment decision or strategy. The content is intended to be used for information and education purposes only. It is important to do your own analysis before making any investment based on your own personal circumstances.

5 Haz 2023

İşlem aktif

Stock is consolidating at 585 level, at 50% fibo. There was no sudden downside in past 3-4 days. Took Entry at 585.7 (slightly risky). Kept SL at 550, T1 at 710. Waiting game for now.

18 Tem 2023

İşlem elle kapatılmış

Not giving much movement, even though Nifty reaching ATH. Closed the trade at 601. Bought 585, Sold 601. At cost exit.