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.
ملاحظة
Date: 16-Oct-2023. First target of 665 achieved. Touched the high of 676 and closed at 669. Holding for the next target.
ملاحظة
Date: 31-Oct-2023 Second target of 695 achieved. Still looking strong for further upward journey.
أغلقت الصفقة: تم الوصول للهدف
Date: 7-Nov-2023 Closing 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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