‹ All Posts
CA Omkar Bhutada - SEBI Reg IA

20th Mar · SEBI-Registered Analyst

This is a clean textbook setup 🔥 in Godawari Power & Ispat Limited — and this one is very different from all previous charts.

GPIL
🔍 1️⃣ Structure Breakdown Phase 1: Strong Upmove ₹180 → ₹280 👉 Institutional buying Phase 2: Sideways Range (Your Box) ₹240 – ₹280 👉 This is the key zone 🧠 2️⃣ What This Range Means This is NOT weak sideways. 👉 This is Accumulation Why? ✅ Clue 1: Strong Support at ₹240 Multiple bounces No breakdown 👉 Buyers are defending ✅ Clue 2: Higher Lows Price not falling aggressively 👉 Demand increasing ✅ Clue 3: Resistance Getting Tested ₹280 tested multiple times 👉 Pressure building ⚡ 3️⃣ What Happens Next 👉 When: Resistance gets tested again & again Sellers get weaker 👉 Result: Breakout → Strong Move 🎯 4️⃣ Your Up Arrow (Perfect) If breakout happens above ₹280: Range Width: ₹280 – ₹240 = ₹40 Target: ₹280 + ₹40 = ₹320 👉 Exactly your arrow zone ✅ 📈 5️⃣ Why This Is High Probability Because this is: 👉 Accumulation after uptrend (continuation pattern) Not a trap like Bajaj Auto Not distribution like Siemens 👉 This is smart money preparing next leg 📊 6️⃣ Trade Plan 🟢 Aggressive Entry Around ₹260–₹270 SL: ₹240 🔵 Safe Entry Breakout above ₹280 Retest of ₹280 🎯 Targets ₹300 ₹320 ⚠️ 7️⃣ Failure Scenario 👉 If price: Breaks ₹240 Closes below Then: 👉 Structure fails → avoid 🧩 8️⃣ Ultimate Comparison (Very Powerful) Stock Pattern Action Siemens Limited Distribution Sell Bajaj Auto Limited Bull Trap Sell Olectra Greentech Limited Reversal Buy on breakout Godawari Power & Ispat Limited Accumulation Buy breakout 🔥 9️⃣ Content Gold Line 👉 “हर sideways stock same नहीं होता… कुछ गिरने की तैयारी करते हैं, और कुछ उड़ने की.” 🚀 🔟 Final Verdict Stock: Godawari Power & Ispat Limited Pattern: Accumulation Range Bias: Bullish Action: Buy on breakout above ₹280

#WatchOutFor#Today’sTradingSetup#StockInNews#TechnicalViews#FundamentalViews
GPIL_2026-03-20_11-21-26.png
1,168 likes·64 comments