Goodluck India Ltd. (Weekly Chart)Trend
Weekly candles are showing strong bullish momentum with higher volumes (suggesting institutional buying).
Sustained closing above ₹1,325 could trigger a fresh breakout, opening upside targets toward ₹1,450 – ₹1,500.
⚠️ Risk Factors
If the stock fails to sustain above ₹1,300 levels, profit booking may pull it back to ₹1,190 – ₹1,050 zone.
Broader market sentiment (Nifty trend) will also play a role in sustaining higher levels.
🎯 View
Bias: Bullish (Short to Medium Term)
Key Trigger: Breakout & weekly closing above ₹1,325.
Targets: ₹1,450 – ₹1,500 (short-term), ₹1,700 (medium-term if momentum continues).
Stop Loss (Positional): ₹1,150 on weekly closing basis.
📌 Disclaimer
This analysis is for educational and informational purposes only. It is based on publicly available price data and technical chart observations, not on insider or fundamental information. This does not constitute investment advice or a recommendation to buy/sell securities. Markets are subject to risks; investors should consult a SEBI-registered financial advisor before making any investment decisions.
Goodluck India Ltd.
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In-depth trading ideas
Goodluck swing500% big volume after price fall and quickly recover , now look like maybe sustain and move upside,
Here i just look
Huge volume
But price move , after profit booking, then fast way recovery.
And some News for affect in short to midium term
Sbi mutual fund bought that time , and some defences news
GOODLUCK – Pocket Pivot Breakout & Momentum WatchThis chart of GOODLUCK captures a significant pocket pivot breakout, followed by rapid price momentum and a clear pivot base formation. After consolidating near the 1100-1135 levels with a nonlinear base, the stock triggered a watchlist alert and surged over 10%. Multiple EMAs signal strong trend alignment, indicating renewed accumulation and breakout continuation. The setup is ideal for momentum traders monitoring high relative volume and actionable swing opportunities
GOODLUCK India Reversal SignBusiness :- Goodluck India Ltd is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes.
Clients :- Clients include NTPC, BHEL, EIL, L&T, Reliance, TATA, Audi, BMW, Mahindra, Toshiba, Indian Oil, TVS, Ashok Leyland, etc
Technicals and Trend :-
Goodluck India is coming out from long consolidation and has shown the reversal sign. The stock has been in a uptrend since June. Recently, the price has been trading within a
specific range. The recent breakout above this range indicates the end of the consolidation period. The strength of the uptrend is evident, with the price
trading above moving averages and accompanied by a volume surge.
Conclusion- Breakout above reversal chart pattern indicate strong uptrend.
Will luck favor this engineering conglomerate?NSE:GOODLUCK
Technicals:
--> Stock nearing an all-time high
--> Price is climbing steadily with increasing volumes
--> Base formation will complete at the all-time high
--> Relative strength stronger than the benchmark
Fundamentals:
--> ROE/ ROCE ~ 16-17%
--> Debt to equity ratio is fair (1) with a good interest coverage ratio (~3)
--> No promoter pledging
--> Sales are continuously rising for the past 10 quarters at least
Disclaimer: Not a recommendation. For research and education purposes only.
Source: screener.in, tickertape.in
YR 2022 Idea #153: Long on GOODLUCK This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.






















