Goodricke Group Ltd (CMP: ₹160.95) - Technical & Fundamental Analysis
| Upside Price Targets (Bullish Scenario) | ||
|---|---|---|
| Target Level | Price (INR) | Potential Gain (%) |
| Target 1 | 173.20 | 7.6% |
| Target 2 | 185.90 | 15.5% |
| Target 3 | 198.75 | 23.5% |
| Target 4 | 210.45 | 30.8% |
| Target 5 | 223.10 | 38.6% |
| Downside Price Targets (Bearish Scenario) | ||
|---|---|---|
| Target Level | Price (INR) | Potential Loss (%) |
| Target 1 | 150.25 | -6.7% |
| Target 2 | 142.10 | -11.7% |
| Target 3 | 135.80 | -15.6% |
| Target 4 | 128.40 | -20.2% |
| Target 5 | 121.75 | -24.4% |
| Strong Support Levels | |
|---|---|
| Support Level | Price (INR) |
| Support 1 | 157.20 |
| Support 2 | 152.45 |
| Support 3 | 149.95 |
| Support 4 | 145.30 |
| Support 5 | 140.15 |
| Strong Resistance Levels | |
|---|---|
| Resistance Level | Price (INR) |
| Resistance 1 | 166.00 |
| Resistance 2 | 172.80 |
| Resistance 3 | 180.25 |
| Resistance 4 | 190.50 |
| Resistance 5 | 200.75 |
| Short Term Targets (2026) | ||
|---|---|---|
| Scenario | Target Price (INR) | Time Frame |
| Upside Target | 182.50 - 195.75 | 3-6 Months |
| Downside Target | 142.25 - 135.50 | 3-6 Months |
| Long Term Targets (2026) | ||
|---|---|---|
| Scenario | Target Price (INR) | Time Frame |
| Bullish Outlook | 215.00 - 240.00 | 9-12 Months |
| Bearish Outlook | 125.00 - 110.00 | 9-12 Months |
Frequently Asked Questions (Goodricke Group Ltd)
Q: What are the key support levels for Goodricke Group Ltd?
The key support levels are identified at ₹157.20, ₹152.45, ₹149.95 (52-week low), ₹145.30, and ₹140.15. These levels are calculated based on technical analysis of price action and historical data.
Q: What is the upside potential for Goodricke Group in 2026?
Based on our analysis, the upside potential for 2026 ranges from ₹182.50-195.75 in the short term (3-6 months) to ₹215.00-240.00 in the long term (9-12 months), representing a potential gain of 13-49% from current levels.
Q: What are the major resistance levels to watch?
The stock faces immediate resistance at ₹166.00 (today's high), followed by ₹172.80, ₹180.25, ₹190.50, and ₹200.75. Breaking above these levels could signal stronger bullish momentum.
Q: How does the current valuation compare to historical levels?
At ₹160.95, the stock is trading approximately 41% below its 52-week high of ₹272.60 and 7.3% above its 52-week low of ₹149.95. The current P/E ratio (based on TTM EPS of 25.35) is approximately 6.35.
Q: What is the risk-reward ratio at current levels?
At current price of ₹160.95, the risk-reward ratio appears balanced with nearest support at ₹157.20 (-2.3%) and resistance at ₹166.00 (+3.1%). For longer term perspectives, the ratio improves with wider price ranges as shown in the tables above.
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