"GOKEX (Gokaldas Exports Ltd) | Triangle Pattern Breakout ExpectTriangle bottom forming a W reversal – A strong bullish signal.
Good weekly close candle – Confirms a bullish reversal.
Breakout explanations given in the chart.
Target and stop-loss levels mentioned in the chart.
Increased volume could strengthen the breakout confirmation.
Watch for retest of breakout levels for better entry.
Momentum indicators should support the breakout move.
Price action above key resistance will add further confirmation.
Risk management is crucial – follow stop-loss levels strictly.
GOKEX trade ideas
GOKALDAD EXPORTS #GOKEX 880 area was support.. GOKALDAD EXPORTS #GOKEX
880 area was support.. so now chance for bulls only above that already broke 880.. sustain below 880 then chance for gap filling towards 770-735..... 730 below further down towards 650.. Overall sellers entry is high in current month 1022.95 ATH
Charts for educational purposes only.
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V Trade Point
Gokaldas Exports: Multi Year breakout weekly chart analysis
👍Fundamental Analysis:
Business Overview: Gokaldas Exports Limited is engaged in the design, manufacture, and sale of a wide range of garments for men, women, and children. It caters to the needs of several leading international fashion brands and retailers.
Financial Performance: The company has shown a good profit growth of 50.1% CAGR over the last 5 years. It has also reduced its debt significantly.
Key Ratios: The company has a ROCE of 23.7% and an ROE of 21.7%. The stock P/E ratio is 16.3.
Market Capitalization: As of the data available, the market cap of Gokaldas Exports is ₹ 2,830 Cr.
Promoter Holding: The promoter holding in the company is relatively low at 11.1%, and it has decreased over the last quarter by -9.90%.
👍Technical Analysis:
Stock Price: The current price of the stock is ₹ 467 with a high/low of ₹ 475 / 301.
Volume: The volume of shares traded will give an indication of the market activity and liquidity. The data for this is not provided.
Moving Averages: The 50-day and 200-day moving averages can provide insights into the stock's short-term and long-term trends. The data for this is not provided.
Price-Earnings (P/E) Ratio: The P/E ratio of the stock is 16.3, which can give an indication of the stock's valuation.
Disc:Please note that this analysis is based on the data available and actual figures may vary. It's always recommended to do your own research or consult with a financial advisor before making investment decisions.
started building position , first trance
Resistance breakoutPlease 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