tarunghansala

Godrej industries possible downtrend

Short
NSE:GODREJIND   GODREJ INDUSTRIES
This stock is taking support at 551 level making lower highs at hourly chart.
551~ zone is a previous swing high and dec2018 high also on weekly chart so its an important support level but chart suggest that it can break this level.
551 is a weekly pivot level also.
Need to wait for 1 week after that this stock can fall to near 500 levels.
Comment: Now showing short term strength on hourly chart, I am going to buy for target of 535.
Comment: SL-522
Comment: made high of 544 :)
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