Self explanatory chart...GPIL is very bullish on technical charts also it is about to decide on Bonus issue due to which a strong Buy can be seen..
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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.
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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.
1. Extremely Good Annual EPS Growth
2. Good Institutional Support