GODFRYPHLP trade ideas
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.
Godfrey Phillips - Bearish Bias - Can Short at current levels.Godfrey Phillips - Bearish Bias - Can Short at current levels.
BUY Godfrey for long term target above 1800-2000 time 3 months -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
