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⭐ Ultra Equity Advice #104 | Buy | Expected Profit 9-10% | Arijit Banerjee

OUR RECOMMENDATION

  Buy    GODFREY PHILLIPS  

CP#1256.3
IdeaBUY
Buy Range1215 – 1235
Target1335 – 1350
StopLoss*1200
Duration10 – 12 Trading Days
Potential Return^9 – 10%
CP#IdeaBuy RangeTargetStopLoss*DurationPotential Return^
1256.3BUY1215 – 12351335 – 1350120010 – 12 Trading Days9 – 10%

# CP – closing price on Dec 17, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 1296.
^ Potential returns are calculated based on the median of the buy range.

COMPANY OVERVIEW

Godfrey Phillips India Limited manufactures and sells cigarettes, tobacco and chewing related products in India, Middle east, Africa, Latin America under brand names Stellar, Time 7, Business Kings, Four Square, Red & White, Cavanders, Jaisalmer, Stellar, Black Jack, and Marlboro, pan masala under the Pan Vilas and RAAG Brands. Besides, the company grows tobacco and operates convenience stores under the Twenty Four Seven name. Godfrey Phillips posts 57% jump in net profit at Rs 113.54 crore in FYQ220 on quarterly basis; revenue up 12.7%

Stock Data
NSE CodeGODFRYPHLP
Sectoral IndexNifty 500
52W High1428
52W Low673.3
Face Value2
Relative Performance_Godfrey Phillips vs Nifty 500 Index

TECHNICAL OBSERVATIONS (WEEKLY)

  • On the weekly chart, the stock had given a breakout in the middle of November 2019. This upside breakout happens from a rangebound move in which price had been trading for more than last three years.
  • Later, we had seen a robust upside price movement above 10% of the breakout zone, which suggests this is a valid breakout.
Godprey Phillips Technical Analysis - Weekly Chart
Godprey Phillips Technical Analysis - Weekly Chart

TECHNICAL OBSERVATIONS (DAILY)

  • The last closing price holds above the support line as drawn in the daily chart. 
  • Price has crossed above the downtrend line from the last ten days. The price action indicates 
  • The overall price action shows an earlier opportunity to enter in this trade with an excellent Risk:Reward ratio (1:4).
Godprey Phillips Technical Analysis - Daily Chart
Godprey Phillips Technical Analysis - Daily Chart

LIVE UPDATE - POSITION & ACTIVITIES

Position: Long GODFRYPHLP at ₹ 1235.60 by GoodluckCapital on TradingView

Position: Long GODFRYPHLP at ₹ 1235.60 by GoodluckCapital on TradingView

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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