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
The all time high price formed in 2017 was touched in 2021 and finally third time with a beautiful cup and handle structure it has given the price breakout after 6 years. Some good rally might be on cards after retesting the breakout price 700
Godrej Industries
1. upper band channel breakout at bottom channel
2. convergence in price and psi
3. looks good for uptrend
Conclusion:
The price is in bullish Trend.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
...
₹GODREJIND could see a potential bounce back here. I'm looking for a 33% increase from this point. It's a mid-term investment possibility.
🚨 DYOR
🚨 SL must, it depend's on your risk appetite
Godrej Industries:
Buy above 522
Targets: 530/534
SL as per risk management
Disclaimer: Im not SEBI registered, contact your financial advisor before taking any trades.
![GODREJIND: GODREJIND BO (Second Attempt) [Weekly]](https://s3.tradingview.com/u/uUIs4wrr_mid.png "GODREJIND BO (Second Attempt) [Weekly]")
