Stock name = Godawari Power & Ispat Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
NSE:GPIL
⚙️ Godawari Power & Ispat specializes in Iron Ore Mining, Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys manufacturing and Electricity generation.
🏞️ Captive Iron Ore Mines: The company operates two captive mines- Ari Dongri Mine & Boria Tibu Mine, providing 85% of its iron ore needs.
🛠️...
Hi @JainArpan
Buying Pressure is seen , I have Marked some Levels Where you should Book your Gains,
It should hold the Support Zones which is marked. below Green Zone Exit Point, till then it looks Sorted.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish...
Godawari Power :
Fundamentals :
Company has reduced debt.
Company is expected to give good quarter
Company has delivered good profit growth of 82.92% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 39.10%
Technicals:
Created base around 230-250, getting bounce from these levels, can accumlate some at CMP and more if...
Godavari Power and Ispat-Nice breakout.
Capital to be deployed- 20k
Investing Price -525-528
Breakout Price -524
Stoploss-448
Targets-729/832/1178
#gpil #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish (Bullish Candle)
3.There is 'W' shape recovery(21 July 2022 to Now) in the trend which is also a good bullish sign.
4.There is a chance of CONSOLIDATION and tern...
Since Dec 2021, stock is in bullish mode forming dow pattern. After minor retracement stock resumes finding support at its 20 EMA & RSI at 55 is moving upwards. I think bulls might dominate the stock in near term. Immediate resistance levels at 480 followed by 539. Stop below 364.
Its just my views and not any recommendation
This indicator predicts future resistances/ swing highs(represented by green band) and future supports/ swing lows(represented by red band), and we are just trend trading with the help of it.
This indicator predicts future resistances/ swing highs(represented by green band) and future supports/ swing lows(represented by red band), and we are just trend trading with the help of it.
BREAKOUT STOCK IDENTIFIED
GODAWARI POWER
the stock is currently in consolidation phase
Take good support at 50 days moving average
One time try to BREAKOUT but due to market conditions not sustain breakout, now once again at breakout level
#Breakout #trading #StocksInFocus
