Wait for hold the breakout, if remain up for 2 more days, there could be good upside.
The new combination of black and white Love it !! LOL
Trend Is In Consolidating Phase . *RSI Showing Sellers Are Getting Weak . Last Price Rejected was Where Highest Vol Traded . so If breaks Last High Then Become Strong . If Breaks 282.90 With Bullish Signal Then Go Long . With the Sl Of 173 . Manage Your Risk Reward According to your Risk Appetite .
Godrej Industries - Bearish at current levels . Short it.
SL compulsory
WITH THE CURRENT POSITION, CHART INDICATES RECOVERY TO 522 & 532. IT IS GETTING SUPPORT ALONG THE TREND LINE. PLACE IT AS STOP LOSS.
Buy if the white line breaks tomorrow. I will short 460PE
After a good consolidation of over a year, the stock seems to be ready to start breaking out of the zone. Let's see how it moves from here!
godrejind shall go near levels of 500 in the form of c wave of 4th corrective wave. not certified analyser so take care happy trading
As stated in the previous update we have indeed started the larger degree third wave....Channel is broken on upside...
Reason for sell: Bearish engulfing. Entry, SL and TGT in chart
Godrej ind after making a high of 502.6 on 17/12/2007has witnessed a sharp correction till 46 on 24/11/2008..This can be labelled as larger degree wave (1) and (2) ..After this low it has been making higher highs and higher lows on weekly charts..4 smaller degrees 1,2 of the larger degree third can be identified...This scrip will be a multibagger in coming...
The scrip has broken down at its support zone. One can go short with stop-loss of 289.