Strong Breakout After 6 Year in Godrej industries also making inverse head and shoulder pattern formation may be it will be a good opportunity for positional it will give good return in short term
Stock is moving upward by taking support at 61.8% retracement.
Moving towards 885 and 1025. Rounding bottom breakout.
This is just for the educational purpose.
there has been a long consolidation in this stock..infact it is stll trading around its 2017 levals..pattern is very nice..stock has been trading abv its 200/50 ema..can be considered for trgts of 850/900 in short/medium term
📊 DETAILS
Sector: Diversified Chemicals
Mkt Cap: 22,930 cr
Godrej Industries is one of the holding companies of Godrej Group. It is one of the leading manufacturers of oleochemicals on a standalone basis.
TTM PE : 26.05 (Average PE)
Sector PE : 62.36
Beta : 0.78
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with...
Huge breakout after 6-years can be seen in weekly charts of Godrej Industries. Volumes near breakout is also high which is a good part. The stock is ready to move in blue sky zone where there is no prior resistances.
Disclaimer: Chart shared for educational purpose.
Asset: Godrej Industries (GODREJIND)
Timeframe: Weekly and Daily
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND.
50...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF ------------:-
•Breakout of Darvas box + symetrical pattern on DTF with strong candle
•Price take support from Trend line
•Volume increases last few days...
GODREJIND trying to BO again from a long base. Biggest worry here is that volume is not heavy and this might breakdown easily as well and result in another failed BO. Keep an eye out on daily timeframe for volumes to see if it catches on.
GODREJ INDUSTRIES-Inv.Head &Shoulder in monthly chart ,NECKLINE B/OUT AT 671 indicates potential upside upto 850,really do not understand whats behind such a strong indication
![GODREJIND: GODREJIND BO (Second Attempt) [Weekly]](https://s3.tradingview.com/u/uUIs4wrr_mid.png "GODREJIND BO (Second Attempt) [Weekly]")
