GPIL (Trend line breakout)𝙂𝙤𝙙𝙖𝙬𝙖𝙧𝙞 𝙋𝙤𝙬𝙚𝙧 & 𝙄𝙨𝙥𝙖𝙩 𝙇𝙩𝙙 has fixed Friday October 4, 2024 as the record date for determining eligibility of shareholders for the purpose of sub-division/split of equity shares of the company in the ratio of 1:5.
RSI above 60 Daily / weekly / monthly
Support 1039
Expected level 1161 / 1216
GPIL trade ideas
GPILStock name = Godawari Power & Ispat Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
NSE : GPIL- Godawari Power & Ispat Ltd is train about to leave?NSE:GPIL
⚙️ Godawari Power & Ispat specializes in Iron Ore Mining, Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys manufacturing and Electricity generation.
🏞️ Captive Iron Ore Mines: The company operates two captive mines- Ari Dongri Mine & Boria Tibu Mine, providing 85% of its iron ore needs.
🛠️ Capacity as of FY22: Includes 2 Iron Ore (4.2 MTPA), Iron Ore Pellet (2.8 MTPA), Sponge Iron (0.5 MTPA), Billet (0.4 MTPA), MS Rounds (0.6 MTPA), HB Wires (0.17 MTPA), Ferro Alloys (16,500 TPA), Pre-Fab Structures (0.11 MTPA), and Power (73 MW).
🚀 Expansion: The CECB approved the enhanced capacity of Iron Ore Pellet Plant from 24,00,000 TPA to 27,00,000 TPA.
💰 Capex: As of Nov 2022, expansion and improvement projects are underway with the iron ore mining & beneficiation facilities, sponge iron, power plant turbines, and more.
🔑 Jagdamba Power Plant Acquisition: Acquired as on 7th June 2022.
📈 Future Plans: GPIL plans to set up a greenfield integrated steel plant with a capacity of 1.5-2MT of flat products, costing around INR 4,0000 million over the next three-to-five years.
📉 Promoters Pledge: Promoters pledge shareholding reduced from 32.51% in June’21 to NIL as of 25th April’22.
💱 Export Duty: The government's new export duty has led to a drop in domestic iron ore price and GPIL's pellet realisation.
💼 Stake Purchase: Acquired 37,79,220 equity shares of Alok Ferro Alloys Limited (AFAL) as of 28 June 2022.
🌐 Future Vision: The company plans to enhance Iron Ore Mining Capacity to 5MnT over the next 2-3 years and then to 9MnT over the next 5-7 years.
🔄 Stake Sale in Subsidiary-Ardent Steel Ltd: GPIL reduced its stake in ASL from 76.34% to 37.85%, retaining management control. The proceeds will be used for debt reduction.
🌞 Power Subsidiary-Godawari Green Energy: This solar plant located at Jaisalmer, Rajasthan, has been operational since FY14, with a fixed price PPA with NTPC Vidyut Vyapar Nigam for 25 years.
Disc: Invested as part of the steel basket
May Surge !Hi @JainArpan
Buying Pressure is seen , I have Marked some Levels Where you should Book your Gains,
It should hold the Support Zones which is marked. below Green Zone Exit Point, till then it looks Sorted.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Godawari Power Future Multibagger.Godawari Power :
Fundamentals :
Company has reduced debt.
Company is expected to give good quarter
Company has delivered good profit growth of 82.92% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 39.10%
Technicals:
Created base around 230-250, getting bounce from these levels, can accumlate some at CMP and more if it comes near 230-250.
Can add more above ATH.
Also bounced from 100 Period MA
Investors can hold without SL, if one must, SL is 170 Closing basis.
Saptarish Trading.
GPIL Bullish looking in 3 HTF!#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish (Bullish Candle)
3.There is 'W' shape recovery(21 July 2022 to Now) in the trend which is also a good bullish sign.
4.There is a chance of CONSOLIDATION and tern break-out! be patient, also given the approx. Entry Prize in the chart.
5.Despite all this wait for a confirmation bullish candle above 20EMA in 1 DTF tomorrow and then take the position.
$Happy Trading Mates$
GPIL -After short term bear mode, feels bulls are back in actionSince Dec 2021, stock is in bullish mode forming dow pattern. After minor retracement stock resumes finding support at its 20 EMA & RSI at 55 is moving upwards. I think bulls might dominate the stock in near term. Immediate resistance levels at 480 followed by 539. Stop below 364.
Its just my views and not any recommendation
