GODREJIND trade ideas
Godrej Industries - Could be a Buy on close above 608The stock seems to give a breakout on close above 608 & if it happens stop should be below 599 on closing basis.
GODREJIND : IN : SHORT TERM AND MEDIUM TERM FORECASTAs per my wave analysis, prices could go up a little bit from its existing prices levels, but can drop to 500 levels and then it would be right price to BUY for an UP levels to 800-825.
Wait game starts for this stock..
godrejind getting ready to breakout from present zonegodrejind getting ready to breakout from present zone and volume is increasing buyers are going long due to discount zone and with good fundamentals.
GODREJ POSITIONAL TRADE Now the stock is moving in the downward channel my view on this stock is still on the negative side unless it breaks on the upside.....
Stock moving above from its 20-dma now is looking to test 200-dma and 50-dma
momentum indicators have turned positive
"Like a swing trader i am trading the bound(range)"
TRADE VIEW
look in the chart
Godrejind-Technical Chart Godrejind-Technical Chart can be buy with sl of 550 cross above of 575 can give good upside
200 DMA around 580
GodrejIND - Bullish AB = CDNSE:GODREJIND has formed bullish AB=CD pattern
One can go long above 545
T1 - 556.57
T2 - 596.90
SL - 519.05
Godrejind long Clear support @570-575 range. Can observe multiple reversals in the price range.
Gartley formation also confirms the same
Can go long
With stop loss @560
Target 1 : 590
Target 2 : 610
Point & Figure Very Clean Charting system This chart is formed using Point & Figure charting system here the Ratio is 7/3 , one of the most effective charting system which will keep you away form all kind of Noise or Market speculated news , for long term investors to short and medium term investors do prefer to use this chart and its very effective when used in Trend , and it also clearly inform the non trending market or side ways market
Looking to add more on dip for Target of 700+ Next target
Regards
GodrejInd headed towards 620 625 for Trendline Resistance
NSE:GODREJIND headed towards 625, its longer time resistance. Breaking the horizontal line on hourly charts with good volumes.
GODREJIND long based on S&RTrade has been triggered already,
can enter on 30th Oct,due to demand zone at upside.
Sl is liberal due to its movement.
GodrejIND - Will it break out of the triangle?NSE:GODREJIND massive symmetric triangle in formation in daily in chart and in the RSI indicator as well :)
One can go long above 646
T1 - 701
T2 - 743
SL - 587
Buy with small Stop Loss for good RR RatioVery simple setup one can trade to make fast profit. The Stock has formed a bullish Doji Star pattern at a good support line so one can take chance with Stop Loss just below the 560 level on closing basis. We can expect a target of 625.
Morning Star Doji reversal candle on Trendline & 200SMA supportGodrej Ind : Morning Star Doji reversal candle on Trendline & 200SMA support.
GODREJIND reversal from support levelGODREJIND reversal from support level.
One can take entry at current level - 580-585
TARGET 1- 611
TARGET 2 - 642
STOPLOSS -560 (Blue Line )
