GODREJAGRO - 7 YEAR BREAKOUT (MADE GOLDEN CROSSOVER)
Hi All,
This idea is about Godrej Agrovet Ltd
Fundamentals
Mkt Cap - 15600 Cr
Sales - 9561 Cr
Mktcap/Sales - 1.63
PE - 43
ROE - 15%
ROCE - 13.6%
Promoter Holding Increased
Technicals
On the weekly chart, golden crossover is observed where 50 SMA is crossing over 200 SMA which is a positive sign.
Price action has broken the resistance zone marked convincingly with healthy volume
Observe how moving averages align & expand sequentially eliminating any high volatility in stock.
Hope you enjoy this trade,
Happy Trading,
Thanks,
Stock-n-Shine
This idea is about Godrej Agrovet Ltd
Fundamentals
Mkt Cap - 15600 Cr
Sales - 9561 Cr
Mktcap/Sales - 1.63
PE - 43
ROE - 15%
ROCE - 13.6%
Promoter Holding Increased
Technicals
On the weekly chart, golden crossover is observed where 50 SMA is crossing over 200 SMA which is a positive sign.
Price action has broken the resistance zone marked convincingly with healthy volume
Observe how moving averages align & expand sequentially eliminating any high volatility in stock.
Hope you enjoy this trade,
Happy Trading,
Thanks,
Stock-n-Shine
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