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Godfrey Phillips India: Strong Breakout & Impressive Q3 Results!Hello everyone! I hope you all are doing great. Today, I bring you a high-potential trading idea in Godfrey Phillips India . The stock has broken out from a downward channel , which indicates a bullish reversal . If the price retraces to the breakout level, the 5,650-5,350 range could be a good entry point. Set a stop loss just below 4,949 , and target the levels of 6,690 , 7,600 , and 8,535 for potential gains. Make sure to follow the levels closely for confirmation. Now, talking about the fundamentals , Godfrey Phillips has shown great results in its latest quarter. The company’s total income stood at Rs. 1,896.75 crore , which is a solid growth from Rs. 1,482.11 crore . Net profit has also increased to Rs. 332.33 crore , reflecting its strong performance. The EPS also jumped to Rs. 63.92 , showing the company’s ability to keep growing despite the market conditions. To wrap up , this breakout from the downward channel, along with solid quarterly results, gives me confidence in this trade. The 5,650-5,350 range looks like a solid entry, with a stop loss below 4,949 to manage risk. Focus on the 6,690 , 7,600 , and 8,535 levels as your targets, and let’s watch this play out for solid returns! Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:GODFRYPHLPLong
by TraderRahulPal
2
Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Product Portfolio & Revenue Split 9MFY24 Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Technically stock has given neat and clean breakout of bullish Triangle pattern, Indicators like MACD & RSI started giving bullish crossover on chart. Price is above 200-DEMA. NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators) Market Cap ₹ 2,450 Cr. Current Price ₹ 293 High / Low ₹ 310 / 181 Stock P/E 40.1 Book Value ₹ 39.0 Dividend Yield 0.31 % ROCE 18.0 % ROE 22.3 % Face Value ₹ 2.00 Industry PE 31.3 Debt ₹ 336 Cr. EPS ₹ 7.44 Promoter holding 74.1 % Intrinsic Value ₹ 131 Pledged percentage 0.00 % EVEBITDA 16.4 Change in Prom Hold 0.81 % Profit Var 5Yrs 37.4 % Sales growth 5Years 16.4 % Return over 5years 44.2 % Debt to equity 1.03 Net profit ₹ 62.2 Cr. ROE 5Yr 22.8 % Profit growth -9.09 % Earnings yield 3.82 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:CANTABILLong
by TraderRahulPal
2
Short Term Trading idea, Positional base viewHello everyone, i have brought a positional trading idea, Stock has given breakout of it's neckline, chances are higher for upside from here, stock name is Mangalore Chemicals and Fertilizers Limited (MCF) is primarily engaged in the manufacture, purchase, and sale of fertilizers. It is a subsidiary of Zuari Fertilisers and Chemicals Limited, an Adventz Group. Technicals:- Stock is trading above 200-DEMA MACD and RSI is giving bullish crossover (RSI AND DEMA i have not placed here, but i have done analysis for these indicators) Spike in volume is supporting breakout. Stock is good for short term positional base for given targets above in chart. Market Cap ₹ 1,541 Cr. Current Price ₹ 130 High / Low ₹ 156 / 94.4 Stock P/E 9.95 Book Value ₹ 79.3 Dividend Yield 1.15 % ROCE 16.6 % ROE 17.8 % Face Value ₹ 10.0 Industry PE 31.5 Debt ₹ 1,039 Cr. EPS ₹ 13.1 Promoter holding 60.6 % Intrinsic Value ₹ 111 Pledged percentage 48.1 % EVEBITDA 5.40 Change in Prom Hold -0.01 % Profit Var 5Yrs 34.6 % Sales growth 5Years 4.31 % Return over 5years 26.9 % Debt to equity 1.11 Net profit ₹ 155 Cr. ROE 5Yr 15.5 % Profit growth 11.7 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:MANGCHEFERLong
by TraderRahulPal
2