Godawari Power And Ispat Limited - Breakout Setup, Move is ON...#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.
GPIL
Godawari Power And Ispat Limited - Breakout Setup, Move is ON...#GPIL trading above Resistance of 254
Next Resistance is at 409
Support is at 158.60
Here are previous charts:
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.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in GPIL
BUY TODAY SELL TOMORROW for 5%
GPIL - Cup & Handle Breakout | Daily Chart📊 GPIL – Cup & Handle Breakout with Explosive Volume | RSI > 80
📅 Chart Date: August 24, 2025
📍 CMP: ₹238.61 (+6.91%)
📈 Symbol: NSE:GPIL | 1D Timeframe
🔍 Technical Analysis
☕ Cup & Handle Breakout
A multi-month Cup & Handle pattern has been completed.
Price gave a strong breakout above the neckline zone ₹206.81.
Next supply zone is around ₹236–₹240, which is being tested.
💥 Volume Confirmation
Relative Volume (RVol): 842% 🔥
Today’s volume 19.25M vs avg 3.2M — heavy institutional buying.
📈 RSI (14, close): 81.05
Stock is in the overbought zone, indicating strong momentum.
Short-term pullback possible, but trend remains bullish above breakout.
📌 Key Levels
Breakout Zone (Support): ₹206.81
Immediate Resistance: ₹236–₹240
Next Target Levels: ₹260 / ₹280
Stoploss for Swing Traders: ₹200
Entry on Retest: ₹210–₹215
Stoploss: ₹200
Targets: ₹260 / ₹280
⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management.
📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis!
🔁 Drop a comment if GPIL is on your radar for the next breakout rally 📈
GPIL - GODAWARI POWER & ISPAT LTDThe formation suggests a CUP is being prepared and eventually the CUP would be completed.
Scope for around 19-24% upside.
Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.
Market Cap 13,003Cr.
Stock P/E 16
ROCE 23.3 %
ROE 17.3 %
PEG Ratio -0.97
OPM 22.2 %
Chg in DII Hold 0.24 %
Sales growth -1.28 %
GODAWARI POW & ISP LTDGPIL Ascending triangle formation, the stock is forming higher lows while facing resistance near the horizontal trendline. This is a bullish continuation pattern and indicates that a breakout above the resistance could lead to a strong uptrend.
Buy zone above 200, hold for 215 and 235 targets. Positive as long as the stock stays above 188
GPIL - Near BreakoutGodawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.
Market Cap: ₹ 13,084 Cr.
Promoter holding: 63.5 %
FII holding: 6.51 %
DII holding: 2.67 %
Public holding: 27.3 %
Debt: ₹ 309 Cr.
Debt 3Years back: ₹ 428 Cr.
Stock near resistance, Above 198 look breakout and good to buy and hold.
GPIL - Weekly Chart AnalysisAfter 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.
Godawari Power & Ispat Ltd - Multiyear Breakout #GPIL
CMP ₹.756.9
Date: 30-12-2023
Godawari Power & Ispat Ltd is an India based integrated steel company. The company's segment includes steel and electricity. Promoter holdings more than 60% with zero promoter pledge and almost debt free company. Stock is now at its 52 week high with fair volumes. Technically looking good with breakout of multiple resistance trend lines. A 50% movement can be expected within a short span of time. Stoploss @ ₹.730-₹.740 range.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
NIFTYMETAL Bullish But....I am very much bullish on METALS But....
Considerations - 4Monthly Chart
Index in focus - CNXMetal
Details -
I have currently taken nifty metal's 4monthly chart, it means that it takes 4 months to form one candlestick
The timeframe will be quite large, the vision that I have might take 1-3 years time
Technically we can see the consolidation happening at a larger time frame near to 52 weeks high
A flag pattern and a correcting RSI
If we manage to break the current ATH then we may see a mega bull run in metal sector irrespective of the commodity price, which I feel have bottomed and will consolidate at current levels.
Only concern is ADANI Enterprise, it has the highest allocation in the sector. Also it is trading at a very very high valuations. It is having an RSI of 97 on 4M candle, I see the correction will be there in next one year or few months. I AM SHORTING FOR SURE!
I feel that the core metal producers will have an upper hand in this rally and not ADANI
BUT.....This is valid if the metal index does a break out above ATH
Top constituents by weightage
Tata Steel Ltd. 20.41
JSW Steel Ltd. 15.83
Hindalco Industries Ltd. 14.76
Vedanta Ltd. 7.80
Jindal Steel & Power Ltd. 4.56
APL Apollo Tubes Ltd. 3.90
Steel Authority of India Ltd. 2.83
Hindustan Zinc Ltd. 1.79
National Aluminium Co. Ltd. 1.57
I am bullish on GPIL and VEDL
Disclaimer - Please DYOR, Don't take any position based on the above calls.