GODREJ INDUSTRIES NSE:​GODREJIND

Reposting 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.

In 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.

GodrejIND

short below 530 for 460

The 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 ...

Buy above 592 with the stop loss of 587. Targets are 597, 602 and 607

Double top

Refer chart. CMP:600 Vijayaraghavan.K, Kovilpatti.

Levels mentioned in the chart

Wait for PDH break

Long with a stop loss in the support i.e. 590

Long with stoploss below support Target 1 - 620 Target 2 - 640 Target 3 - 650 Always trail stoploss

Long if it breaks the high of the previous day with a stop loss at the previous day's low. But try to get the entry at lower level because the stop loss will be near skewing better risk to reward.

No . i am not saying that this stock is a magic lamp. without the drawing its... https://www.tradingview.com/x/EvaPSPjM/

GODREJIND inside bar formation

Levels mentioned in charts .

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Entry at 624.95 on 27 Jul with a SL at 604 Trail Stop Loss to 615.75 on 07 Aug