Godrej Agrovet Ltd (GODE)@breakout
Godrej Agrovet Ltd (GODE) strong breakout with volume break out and momemtum created in day chart.
Godrej Agrovet Ltd MOU sign help to breakout for long. so strong upside are coming. BUY above 522.25.
NEXT TARGET 529,534,541. Time to go for long, get ready to catch the profit. Thank you.
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...
good consolidation in last 2 months above important level today volume spike observed today at edge of breakout sustaining above 670 on closing basis is good buy for medium term tgt of 900. will watch for new 52 week high in nxt 90 days.
* After a long consolidation finally stock breakout with extremely high volume from its major resistance level ( mentioned in chart) and after breakout stock is pullback near it support level so good opportunity to buy in lower price with managing the risk and quantity management .