Buy GODREJIND above 620 with short term target of 690
The stock gave a breakout on the upside after breaking out from a downward corrective channel. This channel was formed when the stock entered a corrective phase and remained under broad consolidation. Weekly MACD continues to remain in a continuing buy mode. Weekly RSI remains neutral and is seen marking higher bottoms. The stock suffered a classical throwback post the breakout and is now seen attempting to resume its up move. A candle with a long lower shadow emerged after a throwback occurred. It remains significant as it emerged near the support level of 50-wMA. We may see stock seeing upward revision in prices over coming days. Any move below 575 will be negative for the stock.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.