GNFC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.6

Here’s a detailed technical breakdown of GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd)

📊 Trend Analysis

Current Price: ₹540 is hovering near the 50-DMA (₹539) but below the 200-DMA (₹556), indicating short-term consolidation with a mild bearish bias.

RSI (47.3): Neutral zone, suggesting lack of strong momentum.

MACD (-0.33): Slightly bearish crossover, hinting at weakening momentum.

Volume Spike: Current volume (5.8L) is significantly higher than the 1-week average (3.6L), indicating short-term interest, possibly from institutional activity.

📈 Chart Patterns & Indicators

Moving Averages

Price below 200-DMA → Long-term weakness

Price near 50-DMA → Short-term indecision

Bollinger Bands: Price likely near the middle band, suggesting no breakout yet.

Support Levels

Strong support at ₹520–₹500 (previous consolidation zone)

Major support at ₹449 (52-week low)

Resistance Levels

Immediate resistance at ₹565–₹570 (recent supply zone)

Major resistance at ₹600–₹620 (trendline + psychological level)

🚦 Momentum Signals

Short-Term Signal: Neutral to mildly bearish

Trend Status: Consolidating with potential for reversal if price breaks above ₹570 with volume

Volume Trend: Rising volume could precede a breakout, but confirmation needed

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Zone 520–530 Near support, risk-reward favorable

Breakout Buy Above 570 Confirmation of reversal

Exit Zone 600–620 Resistance zone, partial profit

Stop Loss Below 500 Breach of key support

🧠 Final Take

GNFC is currently consolidating with no strong directional bias. The fundamentals are solid (low debt, decent dividend yield, improving PAT), but technicals suggest caution. A breakout above ₹570 with volume could trigger a short-term rally toward ₹600+. Until then, range-bound movement is likely.

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