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.
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
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)
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.
Godrej Industries ltd. is a part of a Godrej group. Godrej is over 125 years old group. Godrej Industries is the holding company of Godrej group. Godrej conglomerate produces products that are related to Chemicals, Financial services, Appliances and a lot of other things. CMP of the stock is 451.30. Negatives of the company are that they have high promoter pledge...
