GPIL - Weekly Chart Analysis

After an ATH breakout the stock went little upside and then went into a 10 weeks consolidation forming base of 18% range in 10 weeks and finally coming out of the base.
Quarterly results came out are decent. Promoter holding have came down a little and Fii holdings have increased.
Price is trading above all the key moving averages.
544-577 shall now act as a support now and a weekly close below this and if it sustained thereafter would invalid out view.
On the upside 785 - 940-945 would be the levels that can be tested in the future.

Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Trade closed: target reached:
676 —» 785✅ —» 940✅
All targets done.
~40% Gains.


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