GODREJAGRO trade ideas
Sitting at the best place for a positional tradeAll the Godrej stocks are bullish, why will this be left out. Look at the great breakout setup at the current levels. The stock is ready to launch and I have identified it at the best place. If it closes above 710, it is a convincing breakout and worth going long for easylity 100 points.
Kindly note, this is only a analysis and not a recommendation. Consult your financial advisor before investing.
Godrej Agrovetflag breakout added delivery qty for tgt of 770 will watch it... medium term tgt 900...buy on deep stock.
Godrej agro- anticipated levelsHere are the levels extracted for the weekly chart system which is one of the most reliable technique for measuring any of the breaking level. R1 will turn into new support level and R2 is acting like new resistance. Look at the level, position according and if accordingly book profits or partial profit if you're more bullish about this stock.
Details and buy level will be updated soon.
GodrejagroGodrej Agrovet Limited has made additional investment aggregating to Rs14.99cr in the Equity Share Capital of Godrej Maxximilk Private Limited (GMPL), by way of subscription to preferential issue and accordingly, has been allotted 4,41,176 equity shares of the face value of Rs10/- each of GMPL on June 24, 2021.
The company had informed on June 22, 2021, that the company has acquired additional 25.10% of the paid-up equity share capital of GMPL subsidiary company, from the existing equity shareholders, thereby increasing its total shareholding in GMPL from 74.90% to 100%.
Godrej Agrovet - 3.5yr Trendline BO / 1.5yr C&H BO (RR 1:20)The stock has given a breakout on very high volume. It consolidated for a while on the long term Down Trendline (on low volume), then gave a decisive BO on big volume bar. On daily chart, it has fallen back to its 20VWMA (609) on very low volume. In all probability, it should not go lower than 609. This offers an extremely low risk of just 1% while the reward is 20%+
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Lets Go* 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 .
GODREJAGRO GODREJAGRO (Weekly):- 632.35 CMP looks good for more upside :)
1) Weekly Breakout :)
2) Volume Breakout
INVERTED HEAD AND SHOULDERMost undervalued is ready to outperform. Buy above 595 only if monthly candle closes above 600.
Godrej AgroCrossing Jan 2020 highs with good volumes. The setup seems good, if the market supports, it can show a sharp big upmove.
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
godrej agrovetgodrej agrovet - the stock is forming inv head & shoulder ....with increase in volumes...even fundamentally its results and profit margins have grown substantially...even demand for its products are increasing....so breakout of neckline one can enter as per the chart
