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MIRACLE2128

GODREJAGRO shows signs of reversal

Long
GODREJ AGROVET LTD (NSE:GODREJAGRO)  
MIRACLE2128  
NSE:GODREJAGRO   GODREJ AGROVET LTD
Support and Resistance Fibonacci Trend Lines godrejagrovetltd GODREJAGRO godrejagrovet Trend Line Break consolidation-breakout
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supportandresistance fibonacci trendline godrejagrovetltd godrejagro godrejagrovet trendlinebreak consolidation-breakout
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.
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