Godawari Power-GPIL- Cup n handle breakout- Daily ChartsGodawari Power-GPIL- Cup n handle breakout- Daily Charts
Breakout abv 400 DCB, First tgt 440(handle tgt)
Final tgt 400+165=565(550 to 570).
other multiple formations, if cross abv 440 dcb, which takes tgt to 1000+
Fundamentals:
Company with good fundamentals, available at a decent PE of 4.5.
mkt cap to sales is 1, ROCE of 37%,means if one invest 5000 cr and takes over this company at current valuation, it wud take him just 4 years to recover his invested capital. Isn`t it too cheap?
Gud company to hold for long term tgts of 1000+
Promoter holding 67%. Debt to Equity is 0.18. Mkt cap 5000 cr.
Discloure: Holding for long term
Regards
mayank
Gpilanalysis
NSE Godawari Power - Money Making Tree
GPIL has formed a downtrend channel for the last six months .
Price has created five no trading zones. No trading zone is an area where trading activities haven't taken place.
It has formed two excess on the lower band and three rejections two rejections from the upper bend.
The control line has made eight touches .
Currently, the price is on the upper band of the parallel channel.
Don't forget that price has provided two successful rejections from the upper band.
The trader can initiate a short position for the following targets:
313 - 304 - 290.
Invalidation: Breakout of the parallel channel.
GPIL Godawari Power Cup Handle PatternGPIL Fundamentals are also good, Making Cup handle pattern in 4hour TF.
Entry : Above 1500 only with good confirmation(30Min or 1Hr Candle should close above 1500 level)
Tgt : 1700
Sl : 1460
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
