GODFRYPHLP has been consolidating between 950 &1000 range for past three months and has now given trendline breakout above 993. It has a strong support around 950-960. If it closes above 993, then it can test 1100-1150
It can be seen in blue box that Share has formed Marubozu pattern. The candle forming Marubozu, also did Bullish Engulfing of former candle. During the formation of these patterns, Share has increased in comparatively good volume. EMA 12 days is about to cross and go above EMA 26 days (shown by yellow and blue lines).
NSE:GODFRYPHLP has been consolidating in a range of 1000 to 1100. Breaking above this consolidation will give a big move upwards.
Long above 1100.65
T1 1237.50
T2 - 1344.15
SL 1014.30
GODFRYPHLP:910 is trading near a triple bottom support will have resistance around1070 & 1315
Stop 830. It may make a base around 830 level. 800 will be strong support.
This is a fundamentally strong company, good to have in ones portfolio for long term.
