Mita Mehta Stock Training - Mita Mehta

GNFC - Short term reversal evident

GNFC  - Interruption in long accelerated trend is evident.

GNFC was in accelerated uptrend since February 2022 and now there seems some shift in trend and quick profit booking can initiate if stock moves and close below 870. It can touch 800 to 780 from where again buyers can enter. Our analysis is based on Elliot wave, candlesticks and indicators as MACD, Stochastics and ADX analyzed on multiple time frame. On can short sell futures or sell call of 900  strike if it moves below 870.