GPIL trade ideas
Long on GodawariIt has just crossed 200 EMA on daily time frame and it has supposed to cross 100 EMA soon. It is respecting the trend and support very beautifully as shown in the drawing. Fundamentally it is very strong and business is sound as well.
Godawari PowerCMP - 259
Accumulate till green line
SL - Red line
After 41% of correction, currently consolidating in a range with rising RSI.
Target - 332,360,394,496,660
Godavari power- bullish harmonic-daily
can see upside upto 300-315-330
negation candle closing below 250
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I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
BUY GPIL_Fundamental PickReasons 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%
bullishSupport around 1280 and intermediate term target is 1700. Will have revised target if it goes above 1700 by Nov end.
Buy GPIL at CMP 1229 - Target 50 %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.
BUY GODAWARI POWER AT 1300Long 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
GPILWait 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 pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Godawari Power (GPIL) huge upsideSelf 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
GPIL took Support. Previous supply zone is now demand zoneThe price saw a bullish trend as soon as it took support from the price which was previously a resistance.
Godawari Power at Support after profit booking on great resultsBUY 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 Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Godawari Power value unlockGPIL 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 Godawari Power Cup Handle PatternGPIL 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 previous stock analysis how accurate they are for Swing and Intraday Trades<<
GPIL on the cusp of breakoutIf market is positive then GPIL can give a good upside move.
Keep tracking!
Keep learning! Keep earning!
GPIL LongEntry: 990
Stop-loss can be as small as 4%. Re-enter in case of shake-out.
Target should at least be quick 20-25%, although it has the potential to give much more over a longer duration.
Reasons for Buying: No Supply in the market.
Background:
1. Extremely Good Annual EPS Growth
2. Good Institutional Support
