#GOKEX
Gokaldas exports
Added for long term portfolio.
Having reputed customers like customers like GAP, Walmart, JCPenny, Adidas, H&M, Mark Spencer, Sanmar, Puma, Old Navy
Past 3 quarters have been good.
This qtr nearly doubled.
Although, Today and prev trade day candle have shown too much strech, hence, better to add light position.
Also, broader...
After giving breakout from 6 months highs, now consolidating at these levels and looks ready for a immediate 20% ride. This counter has the capability to double from here. Stop loss of INR 38
NSE:GOKEX
16 Yr Long Rounding Bottom Pattern or CUP Pattern Formation in Monthly Charts
Stock near Resistance Zone
Consistent Buying Volume & Strong Momentum
Once Breakout above resistance zone on Monthly Closing Basis
Tgt : 610 - 751- 981
However, using Fibonacci Tgt is upto 1700
SL : 315
GOKEX is major exporter and rising export demand for textile is good...
1. Stock making New 52 High.
2. Stock breaking out 3yr High.
3. Stock consolidated for 4 months before breaking 3 yr High.
4. FII/FPI have increased holdings from 4.39% to 5.84% in Dec 2021 qtr.
5. Mutual Funds have increased holdings from 16.47% to 16.68% in Dec 2021 qtr.
Fibonacci based targets: 775 , 855 , 1005
Stop loss : Below 565 (closing basis)
Stock monthly uptrend
weekly uptrend
daily uptrend
MACD positive cross over
Stotestick up
rsi above 60
bb challenge
ema positive cross over
target is 178
stop loss 152
this video is for educational purposes only disclaimer not for any investing advice
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
o Textile Sector bullishness (China+1/PLI/China Slave worker Issue etc-)
o Fundamentaly looks Oky and its kind of leader stock.
o Looks How she perform last bull Run :-)
Pioneer EMB is attempting a breakout post consolidation of few weeks. Looking good for strong upside given the tailwinds in the Textile sector. Possibly could even double from current levels
Welspun India technicals and Fundamentals looks good on both fronts, and the company can see subsequent growth in revenues in near future bcoz of govt supporting policies to textile industries as well as ease in covid restrictions will directly benefit Welspun, as it's a good chunk of revenue, comes from Hospitality Industry.
I have mentioned the Target Price of...
Century textiles horizontal breakout. buy above the line and hold for the marked targets. breakout can be seen with good volume. stoploss is the red line and is on closing basis.
![ICIL: [Beginner Eye] For me Its a sweet spot for entry :-)](https://s3.tradingview.com/q/qj9f1k84_mid.png "[Beginner Eye] For me Its a sweet spot for entry :-)")
