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Wednesday, 5 July 2017

My Portfolio: Stock 9: Bought GSFC on Technical Basis

Hi, Bought GSFC: Gujarat State Fertilizers & Chemicals, 24 shares @ 126.25 on Technical Breakout , So total value approx 3000 rupees or 3K (Virtual Buy not Actual Buy)

GSFC 24 Shares@126.25 with Stop Loss of  112 on close basis for the Target of 145-150

Risk Reward ratio : 1:1.25 and more




Reasons for Trade: 

1. Bounce from strong Fibonacci level 38.2%
2. Close above Trend Line and maintained the same
3. Bullish Bar reversal formation above resistance levels


So on final note:

GSFC 24 Shares@126.25 with Stop Loss of  112 on close basis for the Target of 145-150


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