can see upside upto 300-315-330
negation candle closing below 250
"My charts are for educational purpose only
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
Reasons for Buying:
1) Company has reduced debt
2) Company has delivered good profit growth of 55.88% CAGR over last 5 years
3) Company has a good return on equity (ROE) track record: 3 Years ROE 26.19%
4) PE is less than 4
5) Net Profit Margin is 25%
Long Godawari Power at 1300
Volumes are increasing & on a verge of ascending triangle breakout on chart
Fundamentals are robust , P/E of only 4
Co to announce StockSplit & Bonus on 14th Oct
1500-1600 possible initially
NSE:GPIL
GPIL has very strong Fundamentals. Start buying and accumulating stock at current level. It may give 50% upmove in short term hereon. GPIL is also going to spilt the stock which was announced in their recent AGM.
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Self explanatory chart...GPIL is very bullish on technical charts also it is about to decide on Bonus issue due to which a strong Buy can be seen..
Please consult your financial advisor before investing. You may check our channel as well know your stocks
BUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in...
GPIL is a midcap steel derived products, power generation and iron ore mining.
This stock has had a tremendous bull run (almost 9x YoY) and still trades at a reasonable valuation
Expecting further value unlocking to happen as the Steel bull run continues.
GPIL Fundamentals are also good, Making Cup handle pattern in 4hour TF.
Entry : Above 1500 only with good confirmation(30Min or 1Hr Candle should close above 1500 level)
Tgt : 1700
Sl : 1460
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my...
Godawari Power & Ispat Ltd. is a holding company, which engages in the generation of electricity and iron ore mining. The firm also manufactures iron ore pellets, sponge iron, steel billets, wire rods, ferro alloys, and HB wires with generation of Power for captive consumption. The company was founded on September 21, 1999 and is headquartered in Raipur, India.
NSE
