GOODLUCK India Reversal Sign
Business :- Goodluck India Ltd is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes.
Clients :- Clients include NTPC, BHEL, EIL, L&T, Reliance, TATA, Audi, BMW, Mahindra, Toshiba, Indian Oil, TVS, Ashok Leyland, etc
Technicals and Trend :-
Goodluck India is coming out from long consolidation and has shown the reversal sign. The stock has been in a uptrend since June. Recently, the price has been trading within a
specific range. The recent breakout above this range indicates the end of the consolidation period. The strength of the uptrend is evident, with the price
trading above moving averages and accompanied by a volume surge.
Conclusion- Breakout above reversal chart pattern indicate strong uptrend.
Clients :- Clients include NTPC, BHEL, EIL, L&T, Reliance, TATA, Audi, BMW, Mahindra, Toshiba, Indian Oil, TVS, Ashok Leyland, etc
Technicals and Trend :-
Goodluck India is coming out from long consolidation and has shown the reversal sign. The stock has been in a uptrend since June. Recently, the price has been trading within a
specific range. The recent breakout above this range indicates the end of the consolidation period. The strength of the uptrend is evident, with the price
trading above moving averages and accompanied by a volume surge.
Conclusion- Breakout above reversal chart pattern indicate strong uptrend.
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