The stock has now successfully taken out the Rejection Zone with consecutive Bullish Effort to Move up Bars. Quality Buying seen with increased Delivery volumes. RS and Money Flow has be strong for some time. The stock likely to move higher now . A test of the Rejection Zone is also possible before the up move.
There is a cup and handle breakout and stock is retesting support zone of 800 ready 1080 targets soon.
Godrej Industries is poised for an upward trajectory from its current price, driven by evident bullish momentum. The prevailing market sentiment is optimistic, and the stock's performance suggests a favorable outlook.
GODREJ INDUSTRIES gave 52 weeks high breakout with gud volume bar and made new all time high closed with inverted hammer candle can play this fow swing trade once it gives close abv inverted hammer candles high with your prefered RR.
Godrej industry give a good return and it shows a very good move
OBSERVE POSITIONAL RESEARCH GODREJIND - Godrej Industries Limited good above 700 SL 650 Targets 725-750-725-800 Holding Period few weeks Price is shifting in upper direction slowly and gradually with volumes after forming triangular pattern. Please consult your financial advisor before investing All research is for educational purposes only.
Inverted Head and Shoulders pattern in Godrej Industries in Weekly Chart. Its an Multi Year Breakout.
Weekly chart analysis Target Stop loss 635 Target 877 Stop loss 660 Target 800 Stop loss 595 Target 900 No recommendation for buy and sell Only education purpose Take own analysis
godrej industries buy above yesterday candle target 499, 515, 531 sl 455.60 riskreward 2.45
Can be a possible multibagger given its holding in subsidary companies & the business its in. HOLD FOR NEXT GENERATION
The stock was in a year long wyckoffian accumulation range. Then it broke out of this range, retested and moving up again. Good volume support also coming in. Relative strength, Absolute strength, Money flow and buying pressure all positive. Now looks strong to test 660 levels. A closer look here
Looks great in all the major Timeframes and fundamentally also doing good for the last 4 quarters. MACD cross overs in both daily and monthly timeframes. Gann box level BO. Levels are marked on the chart for SL and targets (as per your risk level)
Stock name : godrejind timeframe : daily refer chart for details
Reason for long a) Double bottom b) Trend line breakout c) volume and price spurt SL compulsory
Godrej Industries Result will Outperform. Be greedy to buy Godrej Industries. its Trading near to its book value, so its an good Investment plan to buy this stock. Target : 650/730/800/870/970. Period : 1 year.