‹ All Posts
CA Omkar Bhutada - SEBI Reg IA

27th Oct · SEBI-Registered Analyst

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.

#WatchOutFor#Today’sTradingSetup#StockInNews#FundamentalViews#TechnicalViews
GPIL_2025-10-27_08-34-38.png
559 likes·87 comments