Godrej - Solid foundation, Go Long
Currently, the stock is pushing above the 38.2% retracement of the month high to low.
Last 3 -4 candles have exhibited higher lows with similar tops.
Volumes have been high and there's a lot of accumulation at these levels.
Market Facilitation Index is indicating a reversal of the downtrend.
Also, the stock has settled comfortably above a Gann resistance level...
Long with a target of 460-470
Last 3 -4 candles have exhibited higher lows with similar tops.
Volumes have been high and there's a lot of accumulation at these levels.
Market Facilitation Index is indicating a reversal of the downtrend.
Also, the stock has settled comfortably above a Gann resistance level...
Long with a target of 460-470
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.