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MandeepSinghKohli
Apr 14, 2024 8:17 AM

Godawari Power And Ispat Limited - Breakout Setup, Move is ON... Long

GODAWARI POWERNSE

Description

#GPIL trading above Resistance of 793
Next Resistance is at 1270
Support is at 497

Here is previous chart:



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.

Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Comments
azuriste
How did you arrive at resistance 1 & 2?
MandeepSinghKohli
@azuriste, I use combination of support/resistance and Fibonacci to decide resistance...
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