Godrejagro should be on watchlist!On Friday, there was some volume buying in Godrej stocks with godrej industries reaching 20%.
Godrejagro has finally given a closing above 200 week moving average which was around 500.
We can expect 550 in short term and above it, we might see ATH levels as well. Support is around 455-460 levels.
Keep on watchlist. Idea shared for educational purposes
GODREJAGRO
GodrejAgro Breakout 🚀Hey Family, there is a one more stock Which is showing a great opportunity and forming Channel Pattern in weekly TF it's trying to breakout trendline, If Stock break's resistance trendline then we can see a good move, let's see breakout sustain or not.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
GodrejAgro Target Stoploss with ExplanationGodrejagro is in an ongoing uptrend in the weekly timeframe therefore any bullishness seen must be capitalized.
In the daily time frame for over a period of 11 days its been stuck in a range of 25 points between 510 and 525.
A rising momentum has been recently observed and if this momentum persists we can expect a BO from this range.
Entry 515 to 520
Stop Loss 510
Target 540
Happy Trading,
Yamini Prabu
NSE NISM Certified TA
Independent Trader/Trainer
GODREJAGROGODREJAGRO:- Ascending triangle pattern is formed, breakout is found, movement to the upside can be seen, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Godrej Agrovet - Coming out of consolidation! Key highlights:
⚡️ Bullish market structure - clear formation of Higher highs and higher lows.
⚡️ Consolidating in the range for the last 4 months.
⚡️ Good volume expansion today.
⚡️ If it manages to sustain above 540, expect it to move towards 600.
⚡️ Aggressive stop loss below 525.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
GODREJAGRO shows signs of reversalGODREJAGRO: 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.
GODREJAGRO can show 15% upward movement , price at support I will buy GODREJAGRO because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 490
Target : 540/560
Stop loss : 470
GODREJIND | Inverted Head & Shoulder pattern | 44 %🎯⭕ Positional Trading opportunity ! weekly Chart Alert !!!⭕
--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
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕Technical Reasons to trade or Strategy applied :- ⭕
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
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