shankernurani

GPIL -After short term bear mode, feels bulls are back in action

Long
NSE:GPIL   GODAWARI POWER
Since Dec 2021, stock is in bullish mode forming dow pattern. After minor retracement stock resumes finding support at its 20 EMA & RSI at 55 is moving upwards. I think bulls might dominate the stock in near term. Immediate resistance levels at 480 followed by 539. Stop below 364.
Its just my views and not any recommendation

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.