GOODLUCK trade ideas
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.
Breaking out Sectoral tailwinds along with bullish management commentary due to defense subsidiary is going to start before plan
Trading in Small trading rangeBreakout candidate , one its breakout from the trading range, we can see sharp upmove.
GOODLUCK- Professor + gov + sg Bull flag 3 Days Volume Increase GOODLUCK- Professor + gov + sg Bull flag 3 Days Volume Increase
1) Left Inclined
2) Volume Increasing
3) Lets See.
GOOLUCK chart looking impressive- keep in radar -broke 11 month upper trend and resistance
-formed base then moved upside with gap
-broke parallel zone and now retest also done in that area
-it can give good return above 1050 keep in radar
Complete Analysis On GoodLuck-whenever it gives breakout moves 15-20% easily
-above all crucial ema and sma
-adx, rsi and other indicators showing strenght
GOODLUCK !!!
I see signs of selling exhaustion as well as accumulation at these levels.
A symmetrical triangle breakout has been witnessed along with a retest.
MACD is also showing positive signs here.
Formation of cup pattern1.Nearing its 52week high
2.Has been consolidating in 1hr
3.once it crosses 550 its going to fly
Goodluck India: Trading near breakout zone.Goodluck India is consolidating in a range from almost 1 years. Keep on radar. Sector is also outperforming the index.
Consolidation at the resistance!!The stock is consolidating near the horizontal resistance and there can be seen volume uptick too. Stock provides good RR with sl being below the recent consolidation at indicate with the red line.
GOODLUCK INDIA LTDGoodLuck - Multiple breakouts Keep on radar buy above 491 short-term targets possible 512, 520+ Support at 470 Just for educational purpose only.
GOOD LUCK INDIA !!!Market Cap 1,220 Cr.
Free Float Mkt Cap 469 Cr.
Promoter holding 61.6 %
Dividend Yield 0.75 %
Intrinsic Value 512
Stock P/E 14.3
Industry PE 16.8
ROCE 16 %
ROCE 3yr avg 13 %
ROE 17 %
ROE 5Yr 11 %
Debt to equity 1.04
GOODLUCK INDIASymmetrical Triangle Breakout
Keep on radar above 470
Target possible 490/500/520+
Support at 430
Just for educational purpose only.
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.
Buy and Hold IdeaGOOD LUCK cmp-291.keep adding 285-291 level.
stop loss 278.
targets 329 +
This chart analysis is just for learning purpose.
GoodLuck for Good LuckNSE:GOODLUCK has reversed so beautifully at its 200 SMA line.
Target I see is Rs520.
Good Luck
Target 1 Done | 28% Gain in 53 days | GoodluckTarget 1 Done | 28% Gain in 53 days | Goodluck
The entry was triggered at 302 on 15th Nov 2021, after which the overall market witnessed a correction.
Fortunately, after the entry the market structure held well and the SL placed at 259.40 remained intact. Actually the market missed the SL of 259.40 by a whisker. Whew.
Goodluck formed another low risk pivot range, which eventually broke out on the upside. (Here, unfortunately I lacked the conviction to add at 277.)
From this low risk entry point within 18 sessions, the stock went moved up by an excellent 44%. (Big lesson learnt and taken there)
Overall volumes have not been healthy enough to propel the stock past the 400 round number. Let's see how the stock holds for the next 10 - 12 weeks.
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