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Summary

Welcome to Top Seller Today, where we discuss Gujarat State Fertilizers and Chemicals Limited stock, which is experiencing rapid movement on day 3. The stock is currently trading at level 8. We analyze the chart pattern, identifying a strong support level at 2216, where the stock has bounced back after several retests. A resistance range is noted at 2268, where the stock is not breaking out and is trading within a range. For those interested in taking a position, a stop loss at ₹1 is suggested with a target of around 267. If the stock breaks below 2260, it could drop around ₹10, as it has tested this bottom twice before. For fresh buyers, sell after 266 once the stock breaks out of the range, as significant momentum may follow. Like, subscribe, and stay tuned for more insights.

Takeaways

• 📈 The stock of Gujarat State Fertilizers and Chemicals Limited is experiencing rapid movement on day 3.
• 💹 The current trading level of the stock is around 8, with potential future targets discussed in the video.
• 📊 The stock has shown a strong support level at 2216, where it has repeatedly tested the price and bounced back from lower levels.
• 🔄 There is a resistance range at 2268, which the stock has not been able to break above, indicating a trading range.
• 🚫 For those looking to take a position in this stock, an important stop loss should be set at ₹1 to manage risk.
• 🎯 The upper target for holding the stock is around 267, with the expectation that the stock will continue to hold this level.
• ⚠️ Be cautious if the stock breaks down below 2260, as it could indicate a further drop of around ₹10.
• 📉 The stock has previously tested the bottom twice, suggesting a pattern that could be repeated.
• 🛍️ For those interested in a fresh purchase, consider buying after the stock breaks the range at 266, as this could lead to a significant surge.
• 👍 The video encourages viewers to like, subscribe, and engage with the channel if they find the content useful.

Q & A

What is the topic of discussion in the video?

The video discusses the stock performance of Gujarat State Fertilizers and Chemicals Limited.

What is the current trading situation of the stock mentioned in the video?

The stock is currently trading at level 8 and has seen an increase in momentum on day 3.

What is the identified support level for the stock in the video?

The identified support level for the stock is around 2216, where it has shown resistance multiple times.

What is the resistance range mentioned for the stock?

The resistance range mentioned for the stock is at 2268, where it has not been able to break out.

What is the suggested stop loss for trading this stock?

The suggested stop loss for trading this stock is ₹1, which is considered important for the trade.

What is the target for holding the stock if one is considering a long position?

The target for holding the stock in a long position is around ₹267.

What is the potential downside if the stock breaks down below 2260?

If the stock breaks down below 2260, it could potentially drop around ₹10, as it has tested this bottom twice before.

What is the advice for a fresh buyer in the stock?

For a fresh buyer, the advice is to buy the stock after it breaks out of the range of 266.

What could be expected after the stock breaks out of its range?

After the stock breaks out of its range, there could be a significant increase in momentum.

What action is encouraged at the end of the video for those who found it helpful?

The viewers are encouraged to like, subscribe, and follow the channel if they found the video helpful.