In the Weekly Chart of GPIL ,
we can see that; after the multiple failure of Cup & Handle Pattern, it has now given breakout .
Also it has formed a Bullish candle on trendline.
With IronOre prices cool and pellet demand also sluggish expect a cooloff in GPIL prices..
If it breaks down and breaks below the 200EMA it could fall lower as this cycle keeps falling..
If i owned it i'd sell it below the redline.
The export taxes have been removed on pellets..Metal prices are shooting up and all markets are opening up..
Pellet prices are also simalteniously going up again..which is a great trigger for GPIL.
Long above 410 with SL below 385.
GODAWARI POWER & ISPAT as per day chart analysis
Stock ABOVE 406 TARGET 409
Once again FII Net selling had increased today at 2109.34 Cr and FII Net buying was at 1806.62 Cr.
From Jan 2nd - Jan 10th in these 7 trading sessions alone FII Net selling at 10125.91 Cr and DII Net Buying at 6286.99 Cr.
Bank Nifty looks weak with support at 41569 / 41295.
Nifty...
GODAWARI POWER & ISPAT as per day chart analysis Stock ABOVE 350 TARGET 354.
Irrespective of consecutive 3 days market in red but today FII Net Buying at 928.63 Cr and DII Net Buying at 2206.59 Cr.
However Spike in Corona Virus with new variant should be watched out next week sessions for the market movement.
Pharma and Diagnostics Stocks may see some sharp...
GODAWARI POWER & ISPAT Posted on 01.12.2022 ABOVE 324 TARGET 328. Today 02.12.2022 Stock made a High 333 and closed at 332.
Happy Profitable Trading to All...
