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...