GSPL : Ready to Fly. Target Rs. 387 & Rs 440.

robus Updated   
GSPL consolidated towards lower levels of 300s and has met enough demand to sustain these levels for the past few weeks. Negative MACD is waning from sell-side to buy-side. One can take a medium to long term position in this stock. Fundamentally this company is doing very well. Increased its topline revenue and market share. Trading at P/E at lower levels of 11 against the sector average of 26ish. The biggest competitor is Adani Total which is trading at an insane valuation of 350+ P/E. Keep adding at lower levels of Rs300 with a target of Rs387 (Previous Top) and 127% of Fibonacci extension Rs 440.

Disclosure: I am invested in this stock from 320 levels.

Enjoy Trading. I'll keep updating.

The stock has maintained 300 levels amid all downside and consolidated beautifully and returned to 320s. This stock should break out with a big punch that would validate the upside trend in the next few weeks.
Trade active:
The trend is still Intact. Wait and Watch. Below 290 would be a trend breach. One can take a position with a tight SL of Rs 280

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