GODREJIND trade ideas
LongI am looking this will be last Impulse up before entering any Major correction or side ways trading
Look for entering above the current high and stop below the 592 Forecast target is 620+
Godrejind - LongNSE:GODREJIND
Buy above 567 with stoploss at 553
Target 1 - 584
Target 2 - 601
Reason:
1. Pin Bar at one year support
2. 61.8% retracement from high
chart pattern recognitionhi my fellow traders . . today i came across a chart pattern falling wedge on daily and weekly charts in godrej industries, initially the stock was in uptrend following which the stock formed falling wedge on both daily and weekly charts currently the markets are in the centre of wedge . .try not to trade at these levels. . if the markets reaches 600 levels the market may return down to the lower part of wedge . .or if u wait for the breakout of upper line of wedge . .if it breaks then its going for uptrend. . ( usually a falling wedge breaks on upside - ref: technical analysis by john murphy ) if u find this idea rational useful or stupid pls do sent me u r message views are always welcome
My PredictiveEngine's Intraday call(31-May-18)-GODREJIND-Long"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 -
T1: 586.5
T2: 589.1
T3: 591.8
SL: 577.4
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 suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
GODREJIND StudyGoodrej Industries looks bullish as it has closed above it's long term resistance level with good volume
Sell On Rise if you are not in sell , Future contract Any pull back on daily near 600/602 is sell with stop 635 for Target of 556, as off now if you are not in sell
if failed to pull back to 602 then its not good for going short on current market price , its likely will have pull back and sell on the brake of pull back low
GodrejInd - NeutralLong above 565 with stoploss below 550.
Target 580,600
Short below 550 with stoploss at 560 for a target of 545, 540
Stochastics in overbought zone.
Bullish divergence seen.
But RSI is near to resistance zone of 50.
Godrejind - ShortOne can short the Godrejind for target 1 of 540 and target 2 at 530... keep stoploss at 560...
#GODREJIND Channel formation on daily!! Long for 620!#GODREJIND Daily timeframe - Moving in channel with expected target of around 600 to 620 in medium term!! Reversal area and candle sticks patterns explained on chart!!
GodrejIND - Consolidation near support will it reverse?NSE:GODREJIND is consolidating near its 12 months support range. On can go long upon breaking out of its consolidation.
Long above 559.40
T1 - 595.50
T2 - 635.60
SL - 527.20
Godrejind ShortOne year support broken, with good volumes... Divergence seen in MACD, RSI support is also broken...
One can short with stoploss above 535...
Potential targets is marked in red lines...
For march expiry one can short 550ce or 560ce based on their risk capacity...
#Godrej Ind CASH : looks good above 550#Godrej Ind cash
Looks good above 550 SL 540
TARGET 560/570/580
CMP 540
Consolidating in a channel: Godrej IndustriesGreen candle days show accumulation; complimented by a bullish MACD. We could see a break above 555 levels.
Symmetrical Triangle formation in processCmp is 551. If the price retrace to the upward sloping line and gets support, Longs can be initiated at 543-545 area.
SL - 530
T1 - 555
T2 - 565
Purely for study purpose
Thanks
GODREJIND bullish setupGODREJIND could move towards 750 in coming days as long as it trades above 580
