The scrip has shown good positive upside move in the last trading session.But, I am giving a "POSITIONAL SHORT" as I am figuring out a HEAD AND SHOULDER pattern on the daily charts. Even though the stock is trading above its 200 DMA but its marginally trading above the same at Rs. 590-Rs. 591/-
So, I am suggesting a "SHORT" for the scrip after it breaks the...
Presently, moving above 100 EMA and chart pattern showing an upward trend which may give a move of 20-30 pts.
If it breaks the upper resistance line above 660 level it can give a good move.
MACD is above zero line with bullish crossover.
Keep watch on it for future price movement.
"My PredictiveEngine's Intraday call(31-May-18)-GODREJIND-Long
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for GODREJIND
Buy Above: 582.1 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is...
Andrew's Pitchfork seems to capturing the price movement well so we can frame a short trade on its basis now. One can short the stock now or wherever the Stop Loss of 525 is affordable to them. We can expect the target of 465 easily. It may also touch the Demand Zone *Price Range 418 - 435* so the trade may be continued with trailing stop loss.