GODREJAGRO trade ideas
GODREJ AGROVET - BULLISH SETUP OBSERVEDGodrej Agrovet
CMP 655.
Stop 610
Target 750 plus
Daily Chart
1) Stock has broken out of the long term horizontal resistance line with good volumes.
2) HL and HH formation observed in the process of the breakout.
3) Stock has gone past 30 period EMA propelled by Double bottom (W pattern) setup.
4) RS is at a new high.
5) Stock can retrace a bit to form another HL towards 635-640 before swinging upwards again toward 750 levels.
