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GNFC: Indication of Trend Reversal

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GUJARAT NARMADA VA (NSE:GNFC)  
pradipandsuvra  
NSE:GNFC   GUJARAT NARMADA VA
Support and Resistance Candlestick Analysis indianstcokmarket stocktowatchfor
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supportandresistance candlestick indianstcokmarket stocktowatchfor
  • There is a steep downtrend.
  • After that a bullish engulfing pattern is formed exactly at Support level
  • The support is actually a long term support. Previously every time price reaches there get a nice support and starts little consolidation.
  • This time also it presents a reversal formation there.

Trade: Buy above 580, SL: 560, T: 610
Sell below 550, SL: 575, T: 520
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