GIPCL
looks Nice for upmove from here
As Gujarat Government has declared compulsory distribution of dividend to shareholders this information may create opportunity for Investors.
GIPCL has been showing could promises recently. In the short term can see a rise.
These are just views for study. No buy/ sell recommendation. NSE:GIPCL
GIPCL on a weekly time frame. It is trading at its support level, the resistance level a few sessions ago. There was volume when it broke the resistance level and was cooled down. There is no significant volume during correction time. It would be a high-probability trade if it retests the 142 level and starts climbing up. It will become weak below 130 levels. If...
• weak chart analysis
• my first saucer pattern discussion
• stock GIPCL chart pattern formation like saucer
• stock October 2017 to September 2013 time taken to form saucer pattern
• Long-term consolidation means high potential for a big move
• chart consolidate between 68 and 94 multiple times
• The 128–130 level also serves as major resistance for the...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Fundamentally decent stock is looking good after a brief consolidation and gave a BO of the important Box levels.
Follow the levels marked on the chart for SL and targets
Gujarat Industries Power Co Ltd
Book Value ₹ 195
CMP :79
Undervaued Stock
Sales more than market cap
Debt Free Stock
Dividend yield
EPS last year 12.1
Reserves ₹ 2,791 Cr
this canbe a big multibagger
GIPCL is in a channel on a weekly basis and near support. Buy can be initiated as it closes above 85.50 with a target of 100-105, Stop Loss if close below 80 on the weekly chart.
Took a huge exhaustion from 104 levels.
Came down with low bear volumes.
Found support at 200 EMA
Low risk, high reward entry at CMP.
SL - below 200 EMA close.
Watch out the beauty of the stock.
It comes down with less volumes and blasts out with heavy volumes.
Expecting a good up move in the stock in the coming weeks.
GIPCL is sure to move up after touching a very strong resistance. Target _ 84-87 and then 94-96. There is news of Bearish Harami made in GIPCL but that's wrong. GIPCL is a good buy. BUY call for now until it touches 84-87.
Stock is trading at 0.78 times its book value
Company has been maintaining a healthy dividend payout of 23.26%
Cons
Contingent liabilities of Rs.523.97 Cr.
