Long opportunity in Godrej Industries.
As per price action this seems the first pull back after a new HH.
Entire range of 395-400 is buy zone with SL 375. Good RR
Disclaimer: Ideas for educational purpose and my own reference.
Please like and support if you find useful.
Cheers!!
Reasons for the short:
1. Godrejind is facing rejection in the area of 200ma after the Death cross happened.
2. The price is also getting rejected in the last yr support which turned as resistance.
3. RSI is also rejected is the same area
Pink line - Stoploss
Red line - Rejection
Green line - Targets
I started my own telegram channel to save my charts, if anyone...
Share price is taking support at trend line.
Future targets 560.
If it crosses and closes with heavy volume the 560 price level, expect 583 and 610 levels.
Any positive news or developments are happening????
Weekend lvl 9 + Twezzers top + Inside bar
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Godrej Industries Ltd. is a holding company, which engages in the business of consumer goods, real estate, agriculture, and gourmet retail through its subsidiary and associate companies. It operates through the following business segments: Chemicals, Animal Feed, Veg Oils, Estate and Property Development, Finance and Investments, Dairy, Crop Protection, and Others. The Chemicals segment produces and sells oleo chemicals and surfactants. The Animal Feed segment includes the business of production and sale of compound feed for cattle, poultry, shrimp and fish. The Veg Oils segment handles the processing and bulk trading of refined vegetable oils and vanaspati; international vegetable oil trading; and oil palm plantation. The Estate and Property Development segment includes the business of development and sale of real estate and leasing and leave and licensing of properties. The Finance and Investments segment consists of investments in associated companies. The Dairy segment offers milk and milk products. The Crop Protection segment includes agri inputs. The Others segment includes integrated poultry and tissue culture, seeds business, energy generation through windmills, and gourmet foods and fine beverages. The company was founded on March 7, 1988 and is headquartered in Mumbai, India.
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GODREJIND
![GODREJIND: [Intraday] Weekend lvl 9 + inside bar GODREJIND](https://s3.tradingview.com/l/L7Ko1mWE_mid.png "[Intraday] Weekend lvl 9 + inside bar GODREJIND")
![GODREJIND: [Intrday] Insiebar GODREJIND](https://s3.tradingview.com/d/dMa4JhNI_mid.png "[Intrday] Insiebar GODREJIND")
