Resistance breakout may happen in GodfryResistance breakout may happen in Godfry
Intraday view for tomorrow....
Please follow strict risk rewards and stop loss for capital protection..
Thanks,
Vichithra
GODFRYPHLP trade ideas
Godfrey Philips BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Godfrey Phillips - Care to take a puff of this stock ? Technical reasoning for a Bullish setup :
> Quarterly charts represent a 6 year base building in this cigarette company from 2016 to 2021 where the stock has done nothing
> Apr 2020 to June 2021 - 5 quarterly candles just showed sideways action in the counter and finally a breakout to retest the all time high resistance happened in July to September quarter
> As the saying goes the bigger the base, the longer in space - A successful breakout & close above overhead resistance of 1400 zone can attract further momentum taking the stock to 2000 in coming months.
> Depending on the time frame , risk can be defined at 1100 (for short term) and 950 (for long term)
> Disclosure : I bought stake @ 1319 on Nov 3 , 2021
Cigarette smoking is bad for health, but will it be bad for my portfolio ? Only time will tell
Moving up in the WedgeGodfry haas been trading with good volumes since some time ( blue arrow)...and today it is 5.5% up with good volumes..could move to the upper part of the wedge..1245 is possible...keep watching...this may not happen in a day..
Intraday buying opportunity in Godfrey philipIntraday opportunity in Godfrey philip
Entry 1115
Stoploss 1104.40
Target 1126.80/1132.30
GODFREY PHILLIPS Buy this stock
Give good wealth in next 3/6/9 MONTH.
TECHNICAL AND FUNDAMENTAL ALSO GOOD
Do your analysis before investing
Triangle Pattern brokenStock Analysis: Godfryphilp has broken the triangle pattern, conservative entry can be taken around marked demand zone or once broke the supply zone for the target given on the chat.
Let' see
Happy Investing!
STOCK FOR THREE DAYS GODFREY PHILIP LTD.Good evening friends we are sharing our view on the above mentioned stock and for details please watch the video.
Regards.
GODFRYPHLPCurrently trading near support/Demand zone 870-850, SL 800. could be low risk buy at CMP but bullish only above 1050
GODFREY PHILLIPS 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 channel may also be explosive.
For safe investors, Buy only above 1100 for the targets mentioned. One would need patience here to hold on.
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Expanding Channel Pattern on GodfreyThe stock is in expanding channel formation since July 2018, may go long on this with stop loss of 875 and target of 1600.
