Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 27th Oct
This is GPIL (Godawari Power & Ispat) — and the structure here is very clean and very powerful.
GPIL
✅ Pattern Identified:
1-Year Rectangle Base Breakout (also called Range Breakout / Stage 2 Re-accumulation)
The stock was in a sideways box for almost 12–14 months between ₹165–₹245.
Now it has cleanly broken above ₹245 with strong volume → this is the first confirmed breakout after a long consolidation.
This is one of the most reliable swing + positional setups.
📏 Target Calculation (Measured Move)
Range height:
₹245 – ₹165 = ₹80
Add the breakout level:
₹245 + ₹80 = ₹325
So, Base Pattern Target = ₹320–₹330
If broader metal sector strengthens, extension target becomes:
₹360–₹380
⏳ Time Horizon
Swing: 3–6 weeks → ₹300–₹325
Positional: 2–4 months → ₹350+
🔥 Summary (One Line)
GPIL has broken a year-long range with volume and successfully retested — this is a strong continuation breakout aiming for ₹325–₹380.