July 05, 2017
GSFC (NSE Cash)
BUY
` 118
` 124 - 125
` 137
14 -21 sessions
Daily Chart
Source: Falcon (Time: 13:45 IST)
Justification:
In last couple of trading sessions, the stocks within the Fertilizer sector has seen upmove in prices along with good volumes,
which indicated a positive trend for the sector. Within this space, GSFC has recently given a pullback move from its medium
trend support of 112. On the lower time frame charts, the prices ar now indicating breakout from its resistance zone and thus,
we believe the prices would move higher in near term. Hence, traders are advised to buy this stock at current levels and on
declines at `124 for a target of `137 over the next 14 - 21 sessions. The stop loss should be fixed at `118.
Ruchit Jain
022-3935 7600 Extn: 6554
[email protected]
1
July 05, 2017
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Booked Profit at 614
Source: Angel Research
Research Team Tel: 022 - 4000 3600
Website: www.angelbroking.com
Email: [email protected]
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