A stock which for the first time sustained above the 200WEMA. The results this quarter surprised the street.
Long above 490 which would be a complete breakout of this range. Stoploss 465.
The stock could look to make a quick move towards 540 first.
Hello Everyone, today i am again back with a new idea on Godrej Industries. As you can see after a long downtrend it sustained and made a megaphone and broke it for upwards and took retest and ended it with a very bullish candle. Thank you so much and do follow us and like this post
GODREJIND major support for short position (Futures & Options) wait for the price to close below 393 on a daily closing basis. SL @ 412 on daily time frame closing basis. TGT1 : 376, TGT2 : 352
For Buying : wait for the price to breakout and close above 457
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
GODREJIND on Breakout and with good volume. BUY above 489 tomorrow (Monday 12th December) for Intraday gains
-------------------------------------------------------------
INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage : The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High...
Buy @420
Sell at 465
Supoport lines and are drawn beautoifully.
SL below 415
Bit risky stock but i feel if market is stable if not goes up also then this stork will rise.
Stock was in short term down trend. Stock recently broken its downtrend resistance line and Retested its nearest support. Stock is also making Higher Lows (HL). Good Setup to go Long with good risk to reward. Everything is clear on chart
Disclaimer: I am not SEBI registered
Swing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
