Buy Gujarat Fluorochem Ltd between CMP & Rs.740 :: HDFC Securities

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Current Observation:
 The attached weekly chart of Gujarat Fluorochemicals Ltd is indicating an excellent uptrend in the last many months.
 The stock price has moved up in the positive sequence of higher tops and bottoms as per weekly timeframe chart.
Currently the stock price seems to have formed a new higher bottom of around Rs.650 levels in last week and is now
ready to show sharp upmove from here.
 The stock price has currently placed on the edge of moving above the down sloping trend line of around Rs.757
levels, which is a hurdle of the last 6-7 weeks. Any upmove from here is going to be a sharper one.
 The weekly momentum oscillator like RSI has turned up from near 68 levels, which is suggesting strength of upside
momentum of the stock price.
 Positive overall chart and momentum setup is suggesting a fresh buying opportunity here.

LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3010490