GSFC

GSFC

GSFC

GSFC

GSFC

GSFC

GSFC

GSFC

GSFC

GSFC

Tata Consultancy Services,Corporation Bank,GSFC,Wipro,Bank of India,Ipca Laboratories,Piramal Healthcare,Tamil Nadu Newsprint

Tata Consultancy Services,Corporation Bank,GSFC,Wipro,Bank of India,Ipca Laboratories,Piramal Healthcare,Tamil Nadu Newsprint

GSFC

GSFC

GSFC, GVK Power and Infrastructure, HUL, Nestle, India Cements, Indian Hotels, IOB, JBF Industries

GSFC, GVK Power and Infrastructure, HUL, Nestle, India Cements, Indian Hotels, IOB, JBF Industries

GSFC

Investors with short-term trading perspective can consider buying the stock of Gujarat State Fertilizers and Chemicals. It is seen from the charts of the stock that it has been steadily trending upward since its December 2008 low of Rs 64, shaping higher peaks and higher bottoms. In late May 2010, the stock found support at its significant long-term support zone between Rs 200 and Rs 215 and bounced up immediately. However, after pausing a while near the resistance at Rs 240, it penetrated this resistance by gaining 3.5 per cent on June 28 . This up move has reinforced the stock's bullish momentum. We observe that there is an increase in volumes over the past two trading sessions. The 14-day relative strength index is on the verge of entering in to the bullish zone from the neutral region whereas the weekly RSI has just entered this zone. Daily moving average convergence divergence indicator has signalled a buy and is heading towards positive territory. Moreover, the long-term uptrend-line is in tact for the stock. We are bullish on the stock from a short-term horizon. We expect it to move up until it hits our price targets of Rs 260 or Rs 266. Short-term traders can buy the stock with stop-loss at Rs 241.

via BL

GSFC

GSFC

GSFC

GSFC

GNFC, GMDC, GSPL, GSFC, GACL

GNFC, GMDC, GSPL, GSFC, GACL

GSFC

GSFC

Today's Pick - GSFC

We recommend a buy in Gujarat State Fertilizers & Chemicals from a short-term perspective. It is clearly visible from the charts of Gujarat State Fertilizers & Chemicals that it had been on an intermediate-term downtrend from its January 2008 high of Rs 370 until it reached its June low of Rs 152.

However, after finding support at around Rs 150 (a significant long-term support level) in the recent times, the stock began to move up. During this upmove, the stock conclusively penetrated the intermediate-term down trendline and its 21-day moving average.

There is also an increase in trading volumes over the past two trading sessions.

We believe that the stock will continue to move higher in the short-term. The daily Relative Strength index is rising towards the bullish zone. We notice a crossover in the daily moving average convergence and divergence and it is rising in line with the stock price, indicating bullishness. Our short-term forecast for the stock is bullish. We expect the stock to move upwards until it hits our price target of Rs 200 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 167.

Via Businessline