GSFC has been going into seller's paradise 81-83 for 1 year. The first attempt was in July2015. Second attempt was in June2016. So, one should be careful if you wish to add GSFC to your portfolio- one can do that only if paradise zone 81-83 is taken out sharply to the upside.
Till then
Trading Strategy-
Once the falling trendline gets breached trader can look to initiate long positions likely above 79 marks.
Alternate Trading Strategy-
Wait for the zone 73-75 to see whether GSFC hold's in that zone- once it appears that zone is giving support -one can plan their longs only if it starts moving upside direction.
Regards,
Abhishek H. Singh, CMT
Till then
Trading Strategy-
Once the falling trendline gets breached trader can look to initiate long positions likely above 79 marks.
Alternate Trading Strategy-
Wait for the zone 73-75 to see whether GSFC hold's in that zone- once it appears that zone is giving support -one can plan their longs only if it starts moving upside direction.
Regards,
Abhishek H. Singh, CMT
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)