Godawari 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...
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...
GPIL 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 ********
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