GODREJIND trade ideas
GODREJIND (Godrej Industries Limited) BUY ABOVE 545GODREJIND (Godrej Industries Limited) BUY ABOVE 545
Godrej Industries Positional BuyNever lose your money & Never forget it. Margin trading is NOT recommended. Do your own analysis before initiate trade.
Buy Below 510
Target 550
Stop Loss 460
Duration 5 Trading Days
SWING TRADE IN GODREJINDSWING TRADE IN GODREJIND
NOVEMBER FUTURES
BUY@500
STOP@485
TARGET@525
LOT:1500
QTY:1
GODREJIND: BUY 489.6 Stop loss 478 Target 510GODREJIND: 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.
GodrejIndReposting the weekly chart. Price has closed at 200 Weekly EMA. Here-from price may give strong upside, as it did many times earlier. SL is 478 on closing basis.
GodrejIndIn all the instances presented here on the chart price turned up from 200 WMA. GodrejInd is again at 200 WMA. 200 WMA is 483. LTP 472. One may go long if price closes the day at or above 483.
POSITIONAL "SHORT" -GODREJINDThe 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 neckline at Rs. 571- Rs. 570/- and if the down momentum continues we can observe the fall up to the levels of Rs. 545- Rs. 546/-
"BE PATIENT AND TRADE TO EARN HUGE PROFITS"
"STAY CONNECTED"
Thanks,
Siddharth
