GODREJIND trade ideas
Godrej IndustriesMoving in a channel
When trendline is broken, initiate long and hold for upper end of channel
RSI at levels of 51
Target - 584, 609, 636
Godrej Ind is showing Bullish trendGodrej Ind has not fallen in today's fall in nifty and FMCG index, making higher high and higher lows in daily chart. CCI has crossed 0, once it crosses +100 then it may touch new 52 week high.
GODREJ IDEAThese are my personal Ideas, but i still put them public because any expert can correct me if i am wrong.
Godrej industries possible downtrendThis stock is taking support at 551 level making lower highs at hourly chart.
551~ zone is a previous swing high and dec2018 high also on weekly chart so its an important support level but chart suggest that it can break this level.
551 is a weekly pivot level also.
Need to wait for 1 week after that this stock can fall to near 500 levels.
GODREJIND - LONG BREAKOUT Stock has broken the major resistance and trendline and is trading above 50,100&200 sma.
rsi looks good and volumes are there to take stock at higher levels
GODREJIND, SWING PICK WITH 10-15% POTENTIALGODREJIND (driven by positive change in management) is good swing pick on technical as it is near weekly TL breakout.
If manages to close above 560/565, then it can reach 600/640.
Thanks
Piyush Gupta
Learn & Earn
ANOTHER BREAKOUT | GO LONG | HUGE UPSIDE POTENTIALThis was on my list too, been recommending to accumulate this from 490, it had to give a breakout which it has, in today's session. The fair value of almost all the Godrej stocks is much higher than they are priced right now, which is why we're seeing some re-rating in these stocks. Be it any reason but they have to re-rate because of the fundamentals they have. Go positionally long with the mentioned stop-loss.
Godrej Industries has broken out on long term chartGodrej Industries has broken out on its long term chart...along with the breaking lines indicators are also signaling a good momentum in the stock for new run up....testing its previous high's
GODREJIND - LongGODREJIND long - Wait for Inverted Head and Shoulder Breakout
Entry: after breaking major resistance
Risk:Reward= 1:2 / 1:4
Kindly follow and inbox me for Entry/Targets and SL..
Note: Only for education purpose/Kindly consult your financial advisor before taking any trade..
Godrej Industries Ascending Triangle on Daily TFGodrej Industries on a daily timeframe is forming ascending triangle. And LTP(Last Traded Price) is at a very crucial resistance zone on daily chart.
Expecting a pullback around 487(around -10% from current market price). It'd be a good buy at around 487 for swing as 487 is a price at trendline support as well as horizontal support.
So Godrej Industries is at wait and watch levels for now!
Approaching trend line resistance Godrej is approaching its long term trend line resistance .. it has been rejected from this level many times . Exit if it fails to break this . If it sustains and moves above then could see wild moves ahead . So good to operate with a strict stop loss around the trend line
