gsfcGSFC also promoted Gujarat Green Revolution Company Limited (GGRC) to promote drip-irrigation and sprinkler irrigation systems amongst farmers so as to optimize the usage of water and implementation/monitoring the Government subsidy scheme in co-ordination with GSFC.
GSFC has set up several companies such as Gujarat Narmada Valley Fertilizers Company, Gujarat Industries Power Company, Gujarat Green Revolution Company, GSFC Investment and Leasing Company, GSFC-Polymer Unit and GSFC - Fiber Unit.
GSFC trade ideas
GSFC can grow and make it greenGujarat State Fertilizers & Chemicals Ltd. engages in the manufacture and distribution of fertilizers and chemicals. It operates through the following segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment includes urea, ammonium sulphate, di-ammonium phosphate and ammonium phosphate sulphate and nitrogen-phosphorus-potassium products. The Industrial Products segment comprises of caprolactam, nylon-6, nylon filament yarn and nylon chips, melamine and polymer products.
Gujarat State Fertilizers & Chemicals Ltd. CMP is 224.13. The positive aspects of the company are Attractive Valuation (P.E. = 16.9), Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company fall in Quarterly Revenue and Net Profit, Declining Net Cash Flow : Companies not able to generate net cash and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 227 Targets in the stock will be 232, 241 and 250. The long-term target in the stock will be 258, 268 and 283. Stop loss in the stock should be maintained at Closing below 218 or 188 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
GSFC Swing IdeaGSFC Taking support at weekly. Good for Swing Trading.
T1 240
T2 255
(Long Term) T3 280 - Hold for long term only if weekly candle closes above 248-251
This is not investment tip, Just for Educational Purposes. Do ur own analysis and invest. If u like the idea kindly give it a boost. Thanks
How to trade GSFCIn consolidation phase now from 323,
Can correct till 243.7 (done ), 219.3, 195
and then might rise towards 322, 401, 450
in 2 years
So, buy few now, and buy on lower levels and hold
so many chemical stocks are in consolidation , giving opportunity to accumulate , can invest 5-10% capital and hold for very good gains in 4 to 6 months.
SWING IDEA - GSFCGujarat State Fertilizers & Chemicals Limited (GSFC) , a stalwart in the fertilizers and chemicals industry, is renowned for its innovative products and steadfast commitment to agricultural sustainability, making it a compelling candidate for swing trading enthusiasts seeking opportunities backed by solid fundamentals.
Reasons are listed below :
After breaking out from the crucial 210 level, GSFC is now retesting it, indicating potential support-turned-resistance dynamics which could signal further upward momentum upon confirmation.
The price action aligns closely with the 0.618 Fibonacci level, adding significant support to the bullish bias and enhancing the probability of a continuation of the uptrend.
The 200-day Exponential Moving Average (EMA) on the daily timeframe provides additional support to GSFC's price action, further reinforcing the bullish outlook and suggesting potential for sustained upward movement.
Target - 245 // 273 // 317
Stoploss - daily close below 205
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GSFC- AnalysisChart Legend
..... - Dotted red Line - Potential Reversal Levels
---- - Dash Green Line - Potential Profit booking levels
Line - green or red - Major levels
Line - White - Make or break Level
Buy above - 204
Targets 250 to 260, 359, 396,
Stop loss - 170
Important Dates to monitor :-
29th Dec 2023
20th Feb 2024
11th March 2024
Hope this information will assist you in your trading / investment.
Disclaimer -
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SWING IDEA - GSFCTechnically the stock looks good. There are multiple confirmations for the same. The reasons are stated below :
stock is in a uptrend and corrected till the 0.618 zone (golden zone)
50EMA support in daily TF
created a 'W' pattern
a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles)
Stock could easily move unto 193-198.65 levels in coming weeks.
198.65 is all the high for this stock.
1st target will be 193-198
2nd target will be 211
SL - daily close below 165