Can Break the Supply Zone...?Godrej Industries limited face a heavy supply zone, If its break this time then its on all time high in BLUE SKY ZONE, and its next resistence is 1200-1300...
GODREJIND trade ideas
A trendline breakout monthly TFA trendline breakout of monthly TF.....sl closing below 909......Target 1772......buying zone 1038-1058.....Only for educational purpose and not any recommendation......I am not sebi registered Research analyst......
GODREJ INDUSTRIES LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Darvas Box Strategy -Breakout StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading.
Stop loss and Target Shown on the Chart T1 & T2.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Swing Trade - GODREJIND📊 Script: GODREJIND
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 941
🟢 Target 🎯🏆 - 1000
⚠️ Stoploss ☠️🚫 - 908
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Godrej Industries gives brakeout on daily chartNSE:GODREJIND
Godrej Industries gives brake out on daily chart.
I am buying this stock
Near 920-930
And follow sl on 830
My target will be 1080
My risk reward ratio is 1:1.60
Return on capital 15%+
GODREJ INDUSTRIES S/R for 25/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
swing pick - go long - this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- if price crosses today's high , go long
- keep candle low as sl , for tgt keep 1:1.5 Risk Reward
buy at zone - swing pickENTRY
- line marked is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236
- TGT 2 - 0.382
- TGT 3 - 0.5 ( preferred target )
2. SL
- candle close below (PRZ)
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Godrej IND Swing future Based on VCP strategy with some modifications.
Buy Swing minimum Target 5% , and maybe big candle posible ( according to backtest data)
( Im just reversal trader from last 4year , but I try to move on trend follow. Reason.
In reversal stock consolidation avg 3-6 months avg so my money stuck it.
Trend and movement stock give return or sl in just few days to weeks)
I have backtested around 10 stock avg last 3/5 year data show accuracy 80%.
Still in testing mode .
GODREJ INDUSTRIES The stock has now successfully taken out the Rejection Zone with consecutive Bullish Effort to Move up Bars. Quality Buying seen with increased Delivery volumes. RS and Money Flow has be strong for some time. The stock likely to move higher now . A test of the Rejection Zone is also possible before the up move.
CUP and Handle Breakout in GODREJINDThere is a cup and handle breakout and stock is retesting support zone of 800 ready 1080 targets soon.
Godrej industries to riseGodrej 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 SWING TRADE IDEAGODREJ 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.
Inverted Head and Shoulders in Weekly Chart of GODREJiNDInverted Head and Shoulders pattern in Godrej Industries in Weekly Chart. Its an Multi Year Breakout.
GodrejindThese are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
Breakout 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
godrej industries buy above yesterday candle target 499, 515, godrej industries buy above yesterday candle
target 499, 515, 531
sl 455.60
riskreward 2.45
HOLD ON FOR A DECADECan be a possible multibagger given its holding in subsidary companies & the business its in.
HOLD FOR NEXT GENERATION
GODREJIND – Wyckoffian Range BO and More upside likelyThe 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
