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
Gpilbuy
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.
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GPIL LongEntry: 990
Stop-loss can be as small as 4%. Re-enter in case of shake-out.
Target should at least be quick 20-25%, although it has the potential to give much more over a longer duration.
Reasons for Buying: No Supply in the market.
Background:
1. Extremely Good Annual EPS Growth
2. Good Institutional Support



