GNFC - Break Out Trade
Mis à jour
Date: 4-Sep-2023
Rating: Buy
LTP: Rs. 623.40
Target: Rs. 665 --> 695 --> 735
SL: 600 on closing basis
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
GNFC has given multiple break outs on the chart.
1. Break out from primary down trend.
2. Break out from long time resistance at 614 level.
3. Break out from the neck line of double bottom pattern.
MACD and 7/13 DEMA has already given a bullish cross over. RSI is showing good strength in current uptrend.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy
LTP: Rs. 623.40
Target: Rs. 665 --> 695 --> 735
SL: 600 on closing basis
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
GNFC has given multiple break outs on the chart.1. Break out from primary down trend.
2. Break out from long time resistance at 614 level.
3. Break out from the neck line of double bottom pattern.
MACD and 7/13 DEMA has already given a bullish cross over. RSI is showing good strength in current uptrend.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Note
Date: 16-Oct-2023.First target of 665 achieved. Touched the high of 676 and closed at 669. Holding for the next target.
Note
Date: 31-Oct-2023Second target of 695 achieved. Still looking strong for further upward journey.
Trade fermée: cible de profit atteinte
Date: 7-Nov-2023Closing the Call. 2 targets of 665 and 695 reached. Exit suggested at 697 as mentioned in comments below.
Entry Price: Rs. 623.40
Exit Price: Rs. 697
Dividend received: Rs. 30 per share
Profit per Share: (697 - 623.40) + 30 = 103.60 (i.e. 16.62%)
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