GODREJAGRO shows signs of reversal
GODREJAGRO: shows signs of reversal from current levels, as it was consolidating since last 45 days (33 sessions) at 50% Fibonacci retracement levels on monthly charts, and now at trendline breakout on weekly and daily charts as RSI gaining good strength from 18 to 60 within consolidation zone. Also being an agricultural entity, it will be in focus due to upcoming budget event.
Buy near 550-555
keep stoploss below 535
Targets at 585, 620
And for positional trade it can give targets of 660.
Buy near 550-555
keep stoploss below 535
Targets at 585, 620
And for positional trade it can give targets of 660.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.