GODFREY PHILLIPS Godfrey Phillips Looking Very Good On Chart
Its Cosnsolidate Period Is More Than 2015-2022 Now Looking Very Nice To Break Uper Level. If Break And Retaste Then Enter And Captured Verry Good Movement.
#THECHARTREADER
GODFRYPHLP trade ideas
Godfrey Phillips Possible BreakoutThe idea here is about Godfrey Phillips:
Godfrey Phillips India Ltd. operates as a holding company. It engages in the manufacture and marketing of tobacco related products. The firm operates through the following segments: Cigarette, Tobacco and Related Products and Retail and Related Products. Its cigarette brands include Marlboro, Red & White, Cavanders, Four Square, Stellar, and North Pole and Tipper.
My view is bullish short term(Swing trade) for the below observed technical factors.
Points as per TA on a Weekly Chart:
1.Contracting or Symmetrical Triangle formation on a weekly chart as per below:
2. Double Bottom formation on a weekly chart as per below:
3. Possible Bearish Gartley harmonic pattern in progress at the time of publishing as per below:
4. Ichimoku cloud Senkou Span A support established on weekly chart as per below:
5. Support established on 20 EMA & trading way above 200 EMA on a weekly chart as per below:
6. Trading above 20 & 200 EMA on daily chart.
7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong for an upward momentum at the time of publishing.
8. RSI is at 52.44 on a weekly Chart and 53.73 on daily chart at the time of publishing.
9. MACD above signal line on weekly & daily chart.
10. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy.
11. ADX (Average directional index ) trend strength is at 10.69 on a weekly and 8.70 on a daily chart which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend).
Projected Target: provided in the chart.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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GODFREY PHILLIPS Trend Line Resistance Break*GODFREY PHILLIPS*
Time Frame: Daily
Observation:
* Trend Line Resistance Break
* Rebound From Demand Zone (1122 - 1175)
Resistance/Target: 1487 1711 1940 2080
Support 1275 1122
That all i observed last few months that is for learning purpose i share my ideas and research those who want to learn how i did you can send me msg on trading and follow my id
Ready for rockstar performance 6 month range breakout 3 month double top breakout near by life time high Share name GODFREY PHILLIPS expecting given 30% return in next few month track and get the advantage
Godfryphlp long trade Godfryphlp good for a momentum trade
Tgt 10%
Sl 5%
Ask your financial advisor before taking any action based on my view
Only for educational purposes
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
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
