The stock of Godfrey Phillips India has been on a rise since April after it formed a base at ₹1,850. While there was a price correction in the second half of May, so far in June, the price action shows that it has formed another base at a higher level at ₹2,175. Also, the scrip is now above both 21- and 50-day moving average, which are at ₹2,250.

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We expect the stock to resume the rally soon. Once the uptrend starts again, we expect the price to touch ₹2,600. So, traders can buy now at ₹2,281 and accumulate at ₹2,200. Place initial stop-loss at ₹2,100. When the stock rises to ₹2,450 and ₹2,550, tighten the stop-loss to ₹2,370 and ₹2,490 respectively. Book profits at ₹2,600.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on June 22, 2026