Godrej Agrovet is likely forming a rounding bottom pattern on the chart.
It could be an early entry opportunity.
Once the volume comes in the, rounding bottom could complete or later form a cup and handle pattern
DIIs are net buyers and public holding is only 11%
The stock can be a potential multi bagger in future
on a weekly chart Godrej agrovet is at the resistance zone where it faced multiple resistance in past.
Above the 572 we can see 620/680 levels on chart.
Trade will be invalid below 545 level
on daily chart it has give a breakout with a volume sprut
💥Godrej Agrovet💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-553-555
Breakout Price-553
Stoploss-497
Targets-631-667-718-831-1207
RT for max reach
#godrejagrovet #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
This stock is looking bullish. Price has given trendline breakout with good volume. Also there is a inverse H&S pattern breakout. All EMAS positive crossover.
5 Monthly chrat is looking strong. Price is making HL and bullish engulfing candle.
Monthly Price is above 50 EMA
Monthly MACD is PCO stat
Weekly MACD is above zero line and PCO stat
Weekly...
first disclaimer its for educational purpose IPO Issue price 460 (16/10/2017) now CMP 502 (above 9% from issue) next result 30 nov 200 day ema 508 1)...
Looks like a base building formation is happening, Stock is about to outperform nifty bench mark index as well, historical data suggests that always a good momentum of 10-15% comes when stock outperforms nifty.
Buy at CMP, add more above 541. Chart will make a rounding bottom formation above 541, so you can increase further positions there. Review at 578, 610 and...
W formation at a key junction near trendline on the monthly chart
palm oil prices rising, imports lower
keep on your watchlist
can reverse to form a inverse inbh&s formation
for education purposes only
NSE:GODREJAGRO
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
goderej agrovet lim gives upside move so for short term trading here is good opportunity to go long position.
Entry point @ 670
Target @ 720
Stoploss@ 640
Go long godrej agrovet as its trading near all time high .. Good risk reward set up ..
Conservative traders can keep SL as 600 Closing basis .. Agressive can keep 580 as closing basis ..
Retracement to 50% from the latest swing high and RSI bouncing from 50 zone concludes a healthy trend so far
A buy could be generated above 650 with a StopLoss below 600 DCB and a TARGET of 730/760 looks achievable in the neat short term.
DISCLAIMER: Educational View
