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ReviveTraders
Jan 22, 2021 8:44 AM

GODREJIND | Inverted Head & Shoulder pattern | 44 %🎯 Long

GODREJ INDUSTRIESNSE

Description

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â­• Positional Trading opportunity ! weekly Chart Alert !!!â­•

--Buy above =454.30 or CMP
--Target = 543 | 656.30
--Stop-loss = 382.50
--R:R =2.81
--Expected Profit = ( 44% )
--Expected Holding = 1-3 Months only

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â­•Technical Reasons to trade or Strategy applied :- â­•

1) Godrejind has formed inverted head & shoulder pattern
2) Prior trend was down
3) volume activity is increasing from some time
4) target is based on resistance levels & pattern height
5) same pattern can be seen in godrejcp and godrejagro
6) wait for the pattern breakout & retest

Guys check out the related ideas as well, it will work really well GUARANTEED !

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Trade active

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Trade closed: target reached

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1st TGT achieved
Comments
prajwalpai7777
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Great Setup!
Any views on how Budget can affect this stock?
ReviveTraders
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@prajwalpai7777, well the trade is still not active & it would be wrong to predict it, GOD knows what will happen next.... But I think the budget will be favour of market
Gusatvtrades
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@tradethetip, how so? what are your views?
ReviveTraders
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@Gusatvtrades, no actually its a bit neutral or negative but at some sector looks positive to me
prajwalpai7777
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@tradethetip, looks good to buy now right?
ReviveTraders
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jayved
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great work
ReviveTraders
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@jayved thank you sir, keep commenting
Gotledu
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This is such a well done analysis! Thank you
ReviveTraders
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@Gotledu, thank very much mam
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