I WILL LOOK AT BUYING OPPORTUNITIES AT GODREJIND because :
It is forming a kind of expanding pattern .
It has been taking the support of the lower trend line .
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 376
Target : 418/447/489
Stop loss : 344
It is satisfying all the rules which we follow :
1. Always buy/sell with the trend.
2. Always wait for the last kiss/breakout.
3. Always buy the second candle after retest.
Please follow the marked levels to book profit .
The price has broken the near term trend line and hence I believe it may see some downside.
Short at CMP.
SL: 400.15
T1: 382
T2: 374
Risk Reward - 3.72:1
In the weekly bearish channel ( long term ) reversal this week , , but short term structure is bullish so wait for the DIPS and also will look for the breakout !!!!
GODREJIND: BUY 489.6 Stop loss 478 Target 510
GODREJIND has traded on NSE with volumes more than 5 times its average.
Buy 489.6
Stop-loss 478
Target 510
Trade at your own analysis.
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...
