Godfrey Phillips India: Strong Breakout & Impressive Q3 Results!

Hello everyone!
I hope you all are doing great. Today, I bring you a high-potential trading idea in Godfrey Phillips India. The stock has broken out from a downward channel, which indicates a bullish reversal. If the price retraces to the breakout level, the 5,650-5,350 range could be a good entry point. Set a stop loss just below 4,949, and target the levels of 6,690, 7,600, and 8,535 for potential gains. Make sure to follow the levels closely for confirmation.

Now, talking about the fundamentals, Godfrey Phillips has shown great results in its latest quarter. The company’s total income stood at Rs. 1,896.75 crore, which is a solid growth from Rs. 1,482.11 crore. Net profit has also increased to Rs. 332.33 crore, reflecting its strong performance. The EPS also jumped to Rs. 63.92, showing the company’s ability to keep growing despite the market conditions.

To wrap up, this breakout from the downward channel, along with solid quarterly results, gives me confidence in this trade. The 5,650-5,350 range looks like a solid entry, with a stop loss below 4,949 to manage risk. Focus on the 6,690, 7,600, and 8,535 levels as your targets, and let’s watch this play out for solid returns!

Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.

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