📊 Godawari Power & Ispat Ltd – Bullish Momentum Near Breakout
The stock is showing strong bullish price action and is approaching a key resistance zone after a steady upmove.
🔎 Technical Observations:
• Formation of higher highs & higher lows (uptrend intact)
• Strong price recovery with consistent buying pressure
• Price sustaining above key moving averages
• Volume support increasing on upward moves
• Momentum indicators in bullish territory
🔑 Key Levels to Watch:
• Immediate Support: ₹270 – ₹267
• Major Support: ₹259 – ₹248
• Immediate Resistance: ₹290 – ₹292
🚀 Upside Targets:
• ₹303
• ₹314
• ₹325+
📉 Risk Scenario:
Breakdown below ₹267 may weaken the bullish momentum and lead to short-term correction.
📈 Trading View:
👉 Stock is in a strong uptrend with bullish momentum
👉 A breakout above ₹292 can trigger the next leg of rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📈