GPPL - Possible breakout after long consolidation

GPPL has been consolidating in a range since June 2025 and currently showing signs of breaking out of the range. GPPL currently shows a healthy pullback within a new uptrend.

Price Action

• Price has pulled back after testing resistance near ₹170
  
• Price above 20, 50 and 200 EMA
  

Structure

• A Change of Character (ChoCH) to bullish occurred earlier when price broke above a prior lower high (around ₹160).
  
• Then, a Break of Structure (BoS) confirmed the bullish intent.
  
• Currently, the pullback is testing the previous demand zone (PDL-PWL region: ₹158–₹160).
  
• This looks like a bullish retracement within a newly formed uptrend.
  

RSI & ADX (Momentum)

• RSI is around 52–55, neutral zone — no overbought or oversold signals.
  
• Momentum cooled off after a recent rally, aligning with a healthy retracement phase.
  
• ADX at 27 shows momentum building up.
  

Fundamentals
Sep Qtr.

• Sales up 32% YOY
  
• EBIT up 34% YOY
  
• Net Profit up 38% YOY
  

Trade Setup
Entry - Wait for price confirmation (bullish candle or volume spike) near ₹168 before entering.
SL - ₹155
If price closes below ₹155 — abort the long trade, as that would invalidate the bullish structure.

Target- ₹193 (major supply zone)