rahulchandrancml

Technically GPPL trying to break and close above 100

Long
NSE:GPPL   GUJARAT PIPAVAV PO
India's first private port with very good fundamentals trying a range brake out around 100.
Technical view

For the last two year GPPL can't make a strong close above 100, if it happen first target around 130 levels. Can add small qty above 100 and more addition possible on retesting. Stop loss will update later. All entry and exit on minimum 1 hour chart.

Fundametal View

Company have a strong domestic and and foreign investors hand. Almost a debt free. Decent cash reserves and maintaining healthy dividend payout.
Trade active: Currently trading at EMA and TL support.. Yesterday saw some interesting buying volume. Strong holding Level is @85, Possibility for reversal from this level.
Trade active: BREAKOUT WITH VOLUME..KEEP SHORT TERM SL BELOW 86 AND FOR LONG TERM BELOW 73.. FRESH ENTRY CAN BE MADE ON CMP OR AT PULLBACK
Trade active: Breakout and pullback done.. Hopefully our analysis going rite direction..

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