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 Limited manufactures fatty acid, fatty alcohol and surfactant. The Company's segments include Chemicals, Animal Feed, Veg Oils, Estate & Property Development, Finance & Investments and Others. The Chemicals segment includes the production and sale of Oleochemicals and Surfactants, such as Refined Glycerin, Alpha Olefin Sulfonates and Sodium Lauryl Ether Sulfate. The Animal Feed segment includes production and sale of compound feeds for cattle and poultry. The Veg Oils segment includes the processing and bulk trading of refined vegetable oils and Oil Palm Plantation. The Estate & Property Development segment includes the development and sale of real estate and leasing, and leave and licensing of properties. The Finance & Investments segment includes investments in associates companies and other investments. The Others segment includes integrated poultry, dairy, tissue culture, seeds business, energy generation through windmills and gourmet foods and fine beverages.
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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")
