Everything explained on chart.
GO LONG AFTER BReakout for godray philips 90 pts
Godfryphlp is forming ascending triangle can go long with a SL below 840.
The stock has been moving in a broad "Parallel channel" since 2016. Currently it has been moving in a tight 'Parallel Channel' inside the broader Parallel Channel. The stock bounced back from the top of the channel and is heading south. Some can buy it at the lower end of the channel around 905 but in that case maintain a strict stop loss because a fall bellow...
The stock is in expanding channel formation since July 2018, may go long on this with stop loss of 875 and target of 1600.
Godfrey Phillips - Bearish Bias - Can Short at current levels.
CMP 1033 Target 1050/1060/1080/1100/1130+ Sl 950
Good Risk to return. Buy with SL below red line (200ema)
Wave has completed down wave at 650, Weekly chart looking for long term target above 2000 equity holder can buy it for long term CMP 849 short term support 843, 830