Godrej Properties for 50% upsideDate: 23 Sep’24
Stock: Godrej Properties
Timeframe: Daily Chart
Godrej Properties seems to have begun Wave V of 3 impulse which is heading towards 4900 levels (50%+ from current price of 3200) as seen in the chart. Both, increase in volume and RSI breakout confirm this move. More clarity on the target will emerge as the move develops. Possible before the end of this financial year?
This is not a trade recommendation. Please do your own analysis before investing.
GODREJIND
Breakout: Godrej Ind Sustaining Above 1120, Targeting 1200+Details:
Asset: Godrej Industries Limited (GODREJIND)
Breakout Level: Sustaining above 1120
Potential Target: 1200+
Stop Loss: Below 1120 or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Godrej Industries Limited (GODREJIND) has recently given a bullish breakout and is now sustaining above the 1120 level. This breakout suggests a continuation of the upward momentum, with the potential to reach or exceed the 1200 mark.
Market Analysis:
Technical Breakout: The breakout above 1120 indicates a strong bullish trend, suggesting further upside potential as the stock attracts more buying interest.
Market Sentiment: Positive sentiment around Godrej Industries, possibly driven by favorable market conditions or strong fundamentals, is likely supporting this bullish move.
Price Target:
The target for GODREJIND is set at 1200+, based on the sustained breakout above 1120 and the current bullish momentum.
Risk Management:
Implementing a stop loss strategy below 1120 is essential to manage risk in case of unexpected price reversals.
Timeframe:
The move towards 1200+ is anticipated in the short to medium-term, but actual timing may vary depending on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
Godrej Industries Limited - Breakout Setup, Move is ON...#GODREJIND trading above Resistance of 986
Next Resistance is at 1452
Support is at 699
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Swing Trade - GODREJIND📊 Script: GODREJIND
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 941
🟢 Target 🎯🏆 - 1000
⚠️ Stoploss ☠️🚫 - 908
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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GODREJIND | Multiyear Breakout📊 DETAILS
Sector: Diversified Chemicals
Mkt Cap: 22,930 cr
Godrej Industries is one of the holding companies of Godrej Group. It is one of the leading manufacturers of oleochemicals on a standalone basis.
TTM PE : 26.05 (Average PE)
Sector PE : 62.36
Beta : 0.78
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
6.68% away from 52 week high
Underperformer - Godrej Industries up by 2.13% v/s NIFTY 50 up by 8.41% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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GODREJ INDUSTRIES - MID TERM ANALYSIS - 30th December #stocksGODREJ INDUSTRIES (1M TF)
Mid Term Trade Analysis given on 30th December, 2023
Pattern: CUP & HANDLE BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike Buildup at Resistance - Done ✓
- Retracement & Consolidation - In Progress
- Targets are much larger, but lets start somewhere
#stocks #swingtrade #chartanalysis #priceaction #traderyte
GodrejInd Long Trade Setup Stock was in short term down trend. Stock recently broken its downtrend resistance line and Retested its nearest support. Stock is also making Higher Lows (HL). Good Setup to go Long with good risk to reward. Everything is clear on chart
Disclaimer: I am not SEBI registered