GPIL trading above key moving averages - nicely formed a VCP pattern
GPIL is making bullish pattern cup & Handle Target : T1 450 around
Stock is good - but I prefer to wait for safe entry. Checked price label on graph for price entry to watch for few days. With heavy volume price action was down. Keep eye on price movement before jump on buying.
Perfect breakout levels, but need to wait till April Two dates mentioned in the chart Follow me for more trade ideas like this
Cmp 630 Co gets EC from govt, production will shoot up. Co is reducing debt. Evista will go up. Breaking all time high Looks good for short to medium term.
4/1 support is at 255 and 8/1 support is at 213. Either of these supports should hold. Even by EOD the stock may turn bullish. We are almost near bottom.
Entry above 474 on closing basis. Intermediate support is at 425